With Q1 in the books it’s time to take a look back and see the events that occurred during the quarter. Also it’s a good time to take a look forward and see what is on the radar.
Home improvement has been a great business model for some time. Regardless of what the economy is doing, Americans love upgrading their homes. Housing market strong? “Well maybe it’s time to get a few projects done and look into moving.” Weak housing market? “We’ll we can repaint the bedroom or redo that bathroom since we’ll be staying here longer.”
Home ownership is a never ending hamster wheel of home fixes and improvements. Buyers expect homes to be turn-key or “move in ready”. Home improvement is an easy to understand business. They sell the things that facilitate people upgrading their homes. Home Depot is the leader of this pack.