The Farnsworth Group is proud to announce that Dave King has joined The Farnsworth Group to serve as the VP of Insights and as the Executive Director of HIRI. Here's what that means.
Because of the amount of home equity available to homeowners and strong homeowner intent for starting new home improvement projects, not to mention aging housing stock and lower mobility rates, contractors can be confident in demand for repair and remodel services in 2023 and 2024 despite a cooling housing market.
After several years of growth, the plumbing industry is poised to slow down notably as higher mortgage rates loom, residential construction slows, and labor shortages persist. Meanwhile, the rise of smart technology and appliances coupled with growing environmental awareness are influencing consumer preferences and the training, knowledge and tools necessary for plumbing professionals to stay ahead of the curve in years to come.
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