In 2019, real GDP slowed from 3.1% in the first quarter to 1.9% at the end of Q3. Consumer spending is leading the United States expansion, supported by gains in employment, real wages and household wealth. Economic expansion is expected to continue through 2020, but clear negative forces have the potential to dampen this growth.
Ready to gain a deep understanding of the home improvement market and national economy? Join HIRI to gain access to the full Size of Home Improvement Products Market report and watch the webinar with insights and interpretations from economist Scott Hazelton.
If you’re not yet signed up for our newsletter, we’d love to get your contact information so you can stay informed about the research we’re doing and information on our upcoming virtual Home Improvement Insights Summit.