Pandemic Increasing Renovation Spend

The average consumer spend on home renovations has increased by 15 per cent since the pandemic started, Sensibill, a provider of everyday financial tools and SKU-level insights, in ‘Barcode Report.’ It found consumers spending to make homes more energy efficient, such as by installing or upgrading floors and windows, has tripled since the onset of the pandemic. Such efforts help to lower utility bills and protect against adverse climate changes. As well, the likelihood of a consumer taking on a painting-related project has increased by 108 per cent if they have also renovated doors, windows, and outdoor areas of their homes.