In addition, while the age of the U.S. housing stock and limited home inventory availability will continue to provide a favorable backdrop for repair and remodel spending, we expect the recent decline in home improvement demand to continue near-term as travel restrictions are rescinded and pent-up demand for leisure spending occurs.

Aug 3, 2021 / CEO / receipt, needs a key / Nate Jorgensen, CEO | earnings call 2021-08-03 | transcript 16d336a8-ab28-4072-b60c-eccc38518110 | chars 13595-13929 | segment 13