This post was originally published on this site
Furthermore, as COVID-19 omicron variant-led cases surge, the hybrid work culture is expected to continue. This is expected to boost the home improvement industry’s growth. According to a Research and Markets report, the home improvement services market is expected to reach $585.30 billion by 2030, growing at a 6.2% CAGR.
So, we think it could be wise to add quality home improvement stocks The Home Depot, Inc. (HD) and Lowe’s Companies, Inc. (LOW) to one’s portfolio now. They have been making new 52-week highs recently, and they have an overall B (Buy) rating in our proprietary POWR Ratings system.
