Home Improvement Posts Strong Gains in 2000; Slower Growth Forecasted
January 5, 2001
TAMPA, Fla.--(BUSINESS WIRE)--Home improvement product sales are expected to grow by 6.2% in 2000 and reach a record level of $78.4 billion. This comes on top of 10.8% growth in 1999. A slowdown in the economy is projected and annual growth is expected to slow to an average of 4.9% through 2005. For 2001 growth for this industry is expected to be somewhat slower than the long-term rate at 4.2%.