Home Improvement Projects Show Strength

The desire for home improvement projects is strong, says a report by Jobber, a job tracking home service. Annual growth in home renovation and repair expenditure reached 6.1 per cent year-over-year in the second quarter of 2021 and is expected to grow by 7.6 per cent by the end of the year. Additionally, the sale of new and existing homes reached record levels in the second half of 2020 and into the first quarter of 2021 and there is significant growth in new building permits issued, surpassing pre-pandemic levels in the last quarter. “We know from conversations with our customers that hiring workers is incredibly challenging, particularly now,” says Sam Pillar, chief executive officer and co-founder at Jobber. Its data also reinforces that businesses are struggling to hire workers in many home service industries to meet customer demand. “If you've ever considered pursuing a career in home services, now is the time,” says Pillar. The spike in home improvement projects alongside disruptions of the global supply chain has also impacted the construction industry leaving the average wait time for the overall construction industry to start a project up by almost four weeks in the second quarter compared with the same period last year. Also, contractors are getting more jobs than they can manage, causing a worker shortage that will continue to impact the home service category.