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A previous iteration of this report, from January 2023, predicted a much steeper decline in spending, going from sixteen.3% on the finish of 2022 all the best way down to simply 2.6% by the tip of 2023. While the predicted drop of 5.9% for the primary half of 2024 is way less shocking, it does emphasize the truth that, for one more 12 months, home improvement spending is anticipated to remain on a downward spiral. The primary driving factors of this lower embrace high…