FGI Industries Investor Presentation Deck
Repair and Remodel Industry Outlook
Repair & Remodel Growth Expected to Remain Resilient
800
700
600
500
400
300
200
100
O
19
5.8%
R&R Spending is expecting to remain resilient during
current downturn
2Q20
8.4%
344 354 363 371 383 396 406 414
10.6 % 10.9% 11.3% 11.7% 12.0% 11.5%
3Q20
4Q20
1021
2Q21
3021
4Q21
1022
15.7%
443
2Q22
17.2%
15.8%
3Q22
464 470 469
4Q22
13.4%
Source: Joint Center for Housing Studies of Harvard University
1Q23
9.3%
5.4%
484 489 479
2Q23
3Q23
2.0%
457 454 452
4Q23E
-2.7%
1Q24E
-6.3%
Homeowner Improvement & Repairs - Four Quarter Moving Totals ($Bn)
→Four Quarter Moving Rate of Change
2Q24E
-7.7%
3Q24E
25.0%
20.0%
15.0%
10.0%
5.0%
0.0%
-5.0%
-10.0%
-15.0%
-20.0%
-25.0%
Long-term drivers of R&R spending
remain favorable
Significant aging of US
housing stock
85%+ of mortgages
locked in below 5%
Structural deficit in
housing supply-
demand
Home equity levels
remain strong and
supportive of R&R
spending
Source: Redfin
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