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Increased home improvement activities
The home improvement industry has been experiencing steady growth over the past few years with more consumers spending on renovating and repairing their homes. Various factors are attributed to this surge, including improving economic conditions and rising incomes. After facing job losses or pay cuts during the economic slowdown, consumer confidence is back along with spending power. With more disposable income, homeowners are undertaking deferred maintenance work or enhancing their living spaces to increase resale value.
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