There is a growing trend among home improvement companies to abandon the traditional home improvement business model, but the shift is driven by Trump’s presidency, according to a new report by the Institute for Quality in Construction.
Trump is a critic of the home building industry, particularly by making the homes cheaper than competitors.
But he has also called for home improvement to be made more affordable for low-income Americans and others, and in 2017, he signed an executive order to roll back the Affordable Care Act.
The move to reduce home construction costs is one of the biggest drivers of the decline in the home market, the report found.
“The Trump Effect is already having a positive impact on home improvement,” the report says.
“The number of companies that have filed for bankruptcy or are in the process of filing for bankruptcy declined from 2,621 in 2017 to 2,839 in 2018.”
The report says that even with the new president, the trend has not slowed.
Home improvement sales increased by 10.3% in 2018, while the total number of new listings grew by 11.6% in 2017.
The report does note that home improvement is still growing, as it grew by 8.7% in 2019.
It also notes that some of the industry’s biggest players, including Home Depot, Lowe’s, and Home Depot’s parent company, Home Depot Holdings, have reported record sales growth over the past year.
The Institute for Qualified Contractors says that, while Trump has called for an end to the Trump Effect, the government is making progress in that direction.
The government is increasing incentives for homebuilders to invest in capital equipment and to hire workers.
In 2017, the Federal Trade Commission awarded the Home Depot $150 million to hire 2,500 additional workers and invest in new technology, according the report.
But the institute warns that more work needs to be done.
It points out that the Trump effect has made it difficult for many home builders to make a profit and that the government’s efforts to promote home ownership have had little effect.
The institute also recommends that lawmakers focus on improving home safety and building codes to ensure that the industry is safe.