Study Finds Material Prices Continuing to Drive Trade-Offs During Home Improvement Projects

Historically, our Farnsworth Contractor Index data shows that the second quarter often sees a positive bump in contractor activity and subsequent building material sales. However, this is not the case we see for Q2 of 2024. As homeowners are in a position to make trade-offs, competition levels remains elevated across the channel. In Q2 of 2024, Pro sentiments on business factors related to competition levels have continued on trend with what our team reported on for Q1 of 2024.


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