The surge in interest rates and heightened inflationary pressures dampened consumer spending in the home improvement sector. However, with the easing of inflation and indications of a potential pause in rate hikes, there is optimism for a resurgence in home improvement demand.
Given this backdrop, it might be wise to add fundamentally sound stocks Frontdoor, Inc. (FTDR), Steelcase Inc. (SCS), and Haverty Furniture Companies, Inc. (HVT) to your watchlist.
