Home improvement market set to boom
Glass Times editor Nathan Bushell gets some encouraging news from his bank.
In this week’s newsletter, we have FIT Show’s latest announcement that visitor pre-reg figures are going through the roof, along with news that 5 Star Windows and Conservatories secured retail and trade orders worth nearly £2.5 million in February and March, a figure that is 125% higher than last year and 53% up on 2019.
Both stories are two sides of the same coin, don’t you think?
Furthermore, when I spoke to my bank today (old-school, I know), the representative gave a clear indication why this would be the case. After apologising for the ten-minute wait, he said that increasing numbers of people were phoning in to pay off their mortgages because the last year had left them cash rich. And that was on top of the increased numbers of people taking out new mortgages because they were moving home.
No wonder FIT Show’s pre-reg numbers are through the roof. The future is looking bright for the home improvement market, and everyone wants to have the right products to properly service those cash-rich homeowners.