The home improvement boom that took place during our national lockdowns has had a big impact on boosting sales for construction businesses. Analysis from Powered Now highlights that, when compared to the previous year, sales for SMEs in construction increased by an impressive 35% in 2021.
Having reviewed close to a quarter of a million invoices, they also found that:
It’s interesting to note that sales have seen a continual increase throughout 2021. While the home improvements boom that was originally thought to have been a result of the lockdowns of spring 2020 and winter 2020/2021 has continued throughout the summer months this year. This is despite summer usually being a quieter time for traders and “Freedom Day” hasn’t slowed down sales either. In fact, Powered Now reports a monthly sales total of £15.1 million in August, making it the second highest month of the year, second only to March.
Ben Dyer, CEO of Powered Now, comments on the analysis: “Since the reopening of the construction sector after the very first lockdown in 2020, there has been an unprecedented boom period. Sales in 2020 surpassed those in 2019, which was totally unexpected as we learnt how to deal with the pandemic.
“2021 by all accounts has taken us all by surprise even further. Starting the year with an equally restrictive lockdown didn’t dent the appetite of the British public for home improvements, and even the very well documented shortages of labour and materials couldn’t deter Brits from going on a renovation bonanza.
“The knock-on effect of this golden year for tradespeople has meant that the trade has become a hugely popular sector for job seekers, and we’re seeing training courses becoming over-subscribed as education centres are inundated with new apprentices.”
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