American Boom in Home Renovation

Since the March shutdown, we have seen a tremendous explosion in home upkeep and renovation. From fencing companies, to flooring companies, and just home remodeling companies and contractors in general, we've seen most homeowners beautifying their largest investment; their home. What I believe is that homeowners are in it for the long haul with unemployment at its all-time high, the moving plans have virtually stopped for most Americans. There are only a handful of industries that are still thriving during this time, and those would be my guess to the ones that are still buying new homes. So people have decided that they want to make the most out of the home they are stuck in, by hiring contractors to get the job done. Everybody is building new privacy fences, getting their trees trimmed, planting new trees, and remodeling their bathrooms. It makes sense, you are stuck in a place where previously you didn't spend that much time, not you notice all the junk and worn out stuff you have in your home and you want to replace it. Plus the fact that you may be unemployed or furloughed and don't plan on moving anytime soon. My guess is that this trend will continue through the rest of 2020 where we see a slight decline towards the winter time. All we can hope is that the housing market picks back up and our economy starts booming again.