Category: Home Improvement

Home Improvement

Home Depot’s slowing sales suggest Americans feel lousy about housing

Posted on by andrean
Washington, DC CNN — After three straight years of sales growth, Home Depot went into reverse in the first quarter, and sales and profits were expected to tumble again in the second quarter when the company announced its earnings Tuesday. It might be because Americans rarely feel worse about housing. Only 18% said it was a “good time to buy” according to July’s Home Purchase Sentiment Index from Fannie Mae, matching an all-time low. Unsurprisingly, people continue to attribute the challenging housing conditions to high home prices and unfavorable mortgage rates, said Doug Duncan, Fannie Mae senior vice president and…
Home Improvement

America’s home improvement boom appears to be over

Posted on by andrean
New York CNN — Americans turned into DIY fanatics during the pandemic, beautifying their apartments, homes and condos while they were stuck inside and tired of looking at the same drab interior every day. But the Covid emergency is over, prices are (much) higher, consumers are growing fearful of a recession and people are spending less at Lowe’s and Home Depot. Lowe’s on Tuesday lowered its profit and sales outlook for the year, saying consumers were spending less on home improvement. It comes on the heels of rival Home Depot also posting disappointing sales and a sour forecast last week.…
Home Improvement

Decrease in home-improvement sales counters inflation costs | News

Posted on by andrean
The high volume of home renovations undertaken during the pandemic may finally have peaked, as Home Depot announced 2023 sales may decline as much as 7% to 13% – its first drop in sales in nearly 15 years. This dip, paired with the findings of a recent study on home improvement investments across America, indicates that folks on the East Coast, in particular, are stepping back from renovations in hopes of keeping more cash liquid during this inflation era. A new study conducted by Contractor Growth Network assesses state home improvement spending between December 2021 and December 2022. Its findings…
Home Improvement

NARI Milwaukee kicks off its Spring Home Improvement Show

Posted on by andrean
WEST ALLIS, Wis. — The National Association of the Remodeling Industry (NARI) Milwaukee is putting on its annual Spring Home Improvement Show at the State Fair Park this weekend. With the pandemic in the rearview mirror, NARI Milwaukee says there are signs that the construction and home improvement industries are trending upward. What You Need To Know With the pandemic in the rearview mirror, NARI Milwaukee leaders say there are signs that the construction and home improvement industries are trending upward The NARI Milwaukee Spring Home Improvement Show will continue at the State Fair Park in West Allis, Wis., on…
Home Improvement

Home Depot sales continue to slide but the biggest home improvement chain still tops expectations

Posted on by andrean
Home Depot sales continue to slide as Americans wrestle with persistent inflation and the company narrowed its outlook for the year. But the nation’s biggest home improvement retailer still topped expectations for the quarter and shares jumped more than 5% Tuesday. Home Depot now expects earnings per share to decline between 9% and 11% in 2023 and same store sales to fall 3% to 4%. The company previously anticipated an earnings per share drop between 7% and 13% and a same-store sales decline of 2% to 5%. It’s the first time that Home Depot has projected a decline in annual…
Home Improvement

Fix a Week Leak: The Home Depot and WaterSense Show How to Check Your Home for Silent Water Leaks

Posted on by andrean
Published 17 hours ago Submitted by The Home Depot Originally published on Built From Scratch As part of the US Environmental Protection Agency’s (EPA) ongoing We’re for Water campaign, Fix a Leak Week takes place March 18-24, 2024. It encourages Americans to help put a stop to the nearly 1 trillion gallons of water wasted from household leaks each year. The average home may lose almost 10,000 gallons of water every year, and 10% of homes have leaks that waste 90 gallons or more per day. That’s enough water to wash 300 loads of laundry. As a WaterSense partner, The…
Home Improvement

2024 Remodeling Trends To Watch For – Forbes Home

Posted on by andrean
With the current housing economy, multi-generational homes will be a prominent feature for 2024, as people are moving back in with their parents or having their parents or other family members move in with them. “Adding separate entrances, upgrading the basement to have a second kitchen, and closing off the open floor plan to create more privacy are all trending due to multiple families living under the same roof,” says Morgan Olsen, design expert at Thumbtack. With more grandkids living with their grandparents, the addition of custom playrooms and bunk rooms will be a must in 2024. “Having a space…
Home Improvement

Clacks Council plans home improvement works in Clackmannan

Posted on by andrean
Clackmannanshire Council submitted planning applications to install replacement roofs and render and replace windows at various properties on High Street and Main Street, Clackmannan. If approved, the council will carry out the works across several properties in the town, before similar works are rolled out in other areas of the Wee County. The council confirmed to the Advertiser that these works are part of the planned capital investment program. In February, the council agreed on more than £18 million to be set aside and invested in the social housing stock, of which these improvements are just the start. A spokesperson…