Excerpt from Bloomberg quoting DataTrek’s Jessica Rabe:
…. “The Covid-19 crisis pulled forward record levels of demand for home improvement projects as many consumers had more time and money to work on their residences,” Jessica Rabe, co-founder of DataTrek Research, wrote in a note Tuesday. “Once there’s a vaccine it will enable a greater share of disposable income to transition back to vacations and activities outside the home.”
According to Rabe, U.S. home improvement shares in particular trade around record levels with high valuations, and will have “very tough” sales and earnings comparatives to beat next year — which could disappoint investors”….
Read the full article here on Bloomberg!