A Small Solution to the Big Housing Crisis
Call them ADUs, backyard cottages or garage conversions but accessory houses may be becoming builders’ best friends. The shortage of housing in America has been well documented but now new research is showing that accessory dwelling units – ADUs – are rapidly gaining in popularity and could represent a major opportunity for the construction industry […]
The DIY Revolution: Unveiling Its Impact on Woodworking
The Home & Garden Television (HGTV) channel has taken the world by storm, captivating audiences with its array of Do-It-Yourself (DIY) shows—all inspiring homeowners to take on house renovation projects independently without professional contractor involvement. HGTV’s lineup of DIY shows features everyday people tackling ambitious home makeovers involving everything from simple fixes to full-scale renovations. […]
Home Depot and Lowe’s Forecasts Lowered by Analyst Firm
Comments from the two giant DIYers have caused analysts to lower their forecasts for the immediate future. They were the outliers in the retail world, continuing to remain optimistic while their brethren were less positive about the outlook going forward. And now, they too are a little more pessimistic. Home Depot and Lowe’s, the giant […]
Why the Home Depot Results Are Good for the Home Improvement Category
Even though its sales for the most recent quarter were slightly down, there were many positive things in Home Depot’s second quarter earnings results. If there is one retailer most closely followed by those in the lumber and wood products sectors it is Home Depot. So, its second quarter results, released last week, were studied […]
New Study: Home Improvement Spending to Decline Next Year
A new study by the Joint Center for Housing Studies at Harvard University projects that spending on home improvement and repairs by homeowners will decline at an accelerating rate through the first half of 2024. While homeowners continue to spend on repairing and improving where they live this year, a new study from a prestigious […]
What Do the New Home Depot and Lowe’s Results Mean for the Building Business?
The new financial results from the two big home improvement chains show both the pro and do-it-yourself building sectors have slowed down…but it’s not all bad news. If the building industry needed any more proof of the slowdown in the construction sector they didn’t have to look any further than the new first-quarter financial results […]
The Top 10 States Searching for Home Improvement Projects
The new housing market may be slower but existing homeowners are doing extensive Google searches for home improvements and renovations, according to a new study. Can you guess which states lead the country? As often happens when the housing market slows down, the market for home improvement projects increases and new data compiled by Constructor […]
Lowe’s Wants to Get Builders-to-Be at a Young Age
Figuring it’s never too soon to start building relationships with future customers, Lowe’s has launched a program of in-store birthday parties in selected stores. Candles included. Lowe’s, the second largest home improvement chain in the country with more than 2,200 stores, is hoping a new program will close the gap with number one, Home Depot, […]