Tighter Budgets Cause Surge in MRO Projects
- Posted by Wanda Lenoir
- On August 21, 2023
- Cutting Edge Products Magazine, Hardware and Building Supply, Hardware Stores, MRO Projects, Tighter Budgets, Wanda Lenoir
Last year homeowners tackled expensive renovations and were willing to wait months for the services of contractors. Disruptions in the supply chain created a ripple effect that caused contractors to search the market to obtain the materials necessary to fulfill contractual obligations. However, rising inflation, escalating material costs, and an unpredictable housing market have changed consumers’ perspectives. When people are uncertain about the future, they spend less on non-essentials and hire others to complete tasks they can do themselves.
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