Throughout the year, I frequently speak with home services business owners, and one question keeps coming up: Should you focus on residential or commercial customers? Those with a residential base often wonder if the larger contracts in the commercial sector are worth pursuing, while commercial-focused companies are curious about the potential of residential expansion. Both […]
A recent survey out of Leaf Home examined homeowners’ views on taking weatherproofing measures to protect their homes against extreme weather. The results were pretty fascinating and reveal a growing opportunity for home services companies going forward. Let’s take a look at some of the findings… The 2024 Extreme Weather Report Extreme weather events are […]
Interesting article out this morning from Plumbing & Mechanical highlighting the growth of the home services industry over the past year. Utilizing Yelp data on business openings, the home services industry is on pace to see growth of 11% over last year’s record business openings total. This upward trajectory highlights the sector’s resilience and adaptability […]
The U.S. Federal Reserve’s decision to cut interest rates by half a percentage point last week had an immediate positive impact on the stock prices of major home improvement retailers like Home Depot and Lowe’s. Both companies have seen their share price rise, reflecting investor confidence in the potential for increased consumer spending on home […]