Each year CE Pro puts together a list of the nation’s top 100 custom installation companies. Innerspace Electronics, Inc. is once again proud to be included on that list. This year the company ranks number 31, a 9 spot jump from last year’s 40th position.
The article points out that the custom installation market is seeing increased revenues across the board. Consumer confidence just hit a plateau not seen in 16 years. New home construction is at its highest level since 2007. The “Trump Bump” in the stock market and his proposed tax reform has the market salivating over the potential for even more expendable income in consumers’ pockets, along with potential tax breaks for businesses. Home remodeling spending is moving along at 6.7% growth and Millennials are now purchasing homes and one in three homeowners plans to install home automation in the next 12 months. All of these factors have created an overall growth in the industry of 24%.
For more on the trends in the industry and other factors that have led to the immense growth over the past year, check out the full article at CE Pro Top 100