CHICAGO, March 3, 2022/PRNewswire/ – The Home Environment market is experiencing positive growth, fueled by strong housing demand. However, eCommerce penetration continues to rise, according to an industry study released by the Team of consumer investment bankingat Brown Gibbons Lang & Company.
Read the Consumer Insider Housing Demand, eCommerce Drive Growth in the Home Environment: https://bit.ly/HomeEnviroInsider
The housing market has been a silver-lining to the COVID pandemic. Consumers switched to home investment, and remote work increased the need for more adaptable living spaces to adjust to a new normal. Although interest rates are currently on the rise, they are still at historic low levels. This has stimulated demand and drawn buyers to the market.
BGL examines the dynamics of the housing market that have outlived the pandemic, and how this has translated into an increase in demand for home furnishings.
- Favorable DemographicsMillennials are reaching the peak age for homeownership. They make up the largest percentage of first-time buyers and homeownership rates will increase.
- DeurbanizationCOVID introduced new homebuying models with remote work as a catalyst to urban to suburban shifts. This trend is expected continue for many years.
- Hot Single-Family Rental MarketA combination of low housing inventory and strong demand has driven record prices. These dynamics are fueling growth within the single-family rental sector, which is seeing significant pent up demand from renters as well as potential first-time buyers and young homeowners.
- Online Sales Growing – COVID strengthened eCommerce penetration in the Home Environment category. This category is experiencing double-digit growth as consumers shift to online shopping.
The report also includes an exclusive roundtable discussion with investors in the Home Environment sector who discuss the current market state and long-term outlook. Shared: “The pandemic accelerated eCommerce purchasing behavior.” Scott EvansGuardian Capital Partners, Managing Partner. Report participant. David FiorentinoProspect Hill Growth Partners Partner, Jeremy Sullivan, commented on the outlook of the eCommerce market share after COVID. He said, “COVID brought new customers to the eCommerce channel that are now familiar with eCommerce as a way of making brick and mortar purchases.” COVID has accelerated a permanent shift of market share even as consumers return to brick and mortar stores. Also discussed are supply chain disruptions, and perspectives on the near- and long-term outlook of the Home Environment category.
Brown Gibbons Lang & Company
Brown Gibbons Lang & Company, (BGL), is a global investment bank and financial advisory company. The firm offers advice to both private and public companies and private equity groups.Mergers and acquisitions, Capital markets,financial restructurings,Business valuations and opinionsBGL has investment banking office in Chicago, Cleveland, Philadelphia, and real-estate offices in Chicago, Cleveland, San Antonio. Global M&A Partners is also a founding member, which allows BGL to serve clients in more than 30 countries. Securities transactions are handled by Brown, Gibbons, Lang & Company Securities, Inc., an affiliate to Brown Gibbons Lang & Company LLC, a registered broker/dealer, and member of FINRAAnd SIPC. Visit this site for more information www.bglco.com.
SOURCE Brown Gibbons Lang & Company
