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  • July 26, 2023

Guide to Homeownership | Presented by Wells Fargo

With recent news of Home Depot and Lowe’s earnings losses, we’re starting to see a downward trend in home improvement spending. But there’s no doubt the home services industry saw a strong 2022. According to Harvard University’s Joint Center for Housing Studies data, Americans spent close to $500 billion on home improvements in 2022, marking a decade of continuous growth within the industry.

However, with pent-up demand from the COVID-19 pandemic and increasing labor shortages across all sectors, many homeowners struggled to find professional help for their construction needs. This has left

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