4 Buy the Dip Home Improvement Stocks

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The red-hot housing market and the trend in buying old homes should keep driving the demand for home improvement products and services. According to a recently published Allied Market Research report, the global home improvement services market is expected to grow at a 6.2% CAGR from 2021 – 2030.

Increasing disposable income with the falling unemployment rate should further support the growth of the home improvement industry. So, we think fundamentally sound home improvement stocks Lowe’s Companies, Inc. (NYSE:LOW), Stanley Black & Decker, Inc. (SWK), Mohawk Industries , Inc. (NYSE:MHK), and Snap-on Incorporated (SNA), whose prices are currently down from their recent highs, could be solid bets now.

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