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While both inflation and mortgage rate increases have impacted the segment, the overall annual forecast still represents a double-digit increase over 2021.
The quarterly report found that the industry enjoyed a successful opening quarter of the year, growing 12.6% in Q1, with industry professionals expecting further growth as the year continues.
The concept of an independent, family-owned company demonstrating how much it cares for its team members by investing in their education is a compelling story.
Data from the recently released market update indicates a return to pre-pandemic market levels as inflation spikes and households complete home improvement projects.