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This, along with increasing new home purchases, should keep driving the demand for home improvement products. Indeed, according to Brandessence Market Research, the home improvement market is expected to reach $1155.79 billion by 2026, growing at a 4.5% CAGR .
Because the prospects for the home improvement industry look promising, we think it could be wise to bet on Lowe’s Companies, Inc. (NYSE:LOW) and The Sherwin-Williams Company (NYSE:SHW). We believe they are sufficiently financially sound to capitalize on the industry tailwinds.
