Home-Improvement Financing Volumes Hold Steady Despite Rate Pressure
HVAC and roofing financing volumes remain resilient against high rates.
Curated by Financing Your Way from industry reporting by Finextra. Summary is AI-assisted and editorially reviewed — see our editorial standards.
Home-improvement financing volumes held essentially flat in Q1, in contrast to the broader slowdown in discretionary credit. HVAC and roofing — the two largest sub-segments — continue to benefit from emergency and replacement demand that is less rate-sensitive than discretionary remodels. Solar volumes are the exception, where higher rates and the wind-down of certain tax credits are visibly suppressing project starts. Contractors reporting weak close rates should examine financing options before assuming the market has turned.
Summarized from industry reporting by Finextra. Direct article link unavailable.