{"id":1974,"date":"2021-09-15T10:22:30","date_gmt":"2021-09-15T17:22:30","guid":{"rendered":"https:\/\/www.closetsbydesign.com\/franchise\/?p=1974"},"modified":"2021-09-15T10:22:30","modified_gmt":"2021-09-15T17:22:30","slug":"there-is-no-place-like-the-home-improvement-industry","status":"publish","type":"post","link":"https:\/\/www.closetsbydesign.com\/franchise\/there-is-no-place-like-the-home-improvement-industry\/","title":{"rendered":"There is No Place Like the Home Improvement Industry"},"content":{"rendered":"

Home has become more than where we live. It has also become, for many people, the new office and school as well. With millions of Americans scrambling to adapt their spaces to fit an evolving lifestyle, there\u2019s never been a better time for small business owners to enter the home improvement market.<\/p>\n

Today\u2019s consumers are especially eager for custom storage and more functional organizational solutions. They are adapting rooms for home offices, creating study spaces for their child\u2019s virtual learning, and looking for the best way to store all the products they\u2019ve been stocking up on. Providers of made-to-order closets and storage systems have had an edge where other businesses have not been as fortunate.<\/p>\n

Research suggests the demand for home organization products in closets will increase by 4.8 percent per year through 2023 to $3.4 billion, according to a home organization products study<\/a> by The Freedonia Group. Demand for these products in all rooms should reach $12.7 billion during that same time frame, representing gains of 3.8 percent per year.<\/p>\n

<H2>Revenues are Up, The Future Remains Bright<\/strong><\/p>\n

\u00a0<\/strong>Even with issues related to the pandemic, including supply chain challenges in some areas, and social distancing precautions, sales of closets and other organized spaces have not only held their own, they\u2019ve also grown.<\/p>\n

Home improvement spending\u00a0increased 3 percent in 2020 to $271 billion, according to a\u00a0report<\/strong><\/a>\u00a0from Harvard University\u2019s Joint Center for Housing Studies. This year, JCHS is forecasting spending will reach $281 billion.<\/p>\n

<H2><\/strong>Closets and Storage: <\/strong>What the Trending Shows<\/strong><\/p>\n

\u00a0<\/strong>The housing market is thriving, and people are eager for upgrades that will not only satisfy their current needs but also make their homes more appealing to potential buyers. As an owner of a Closets by Design franchise, you will have a suite of affordable, top-quality products necessary to satisfy a hot market for storage and organization. Here are some trends you can take advantage of:<\/p>\n