American homeowners invested heavily in renovating and expanding their dwellings over the past three years. Here’s a closer look at the US home improvement boom, and why
As high home prices and mortgage rates force many homeowners to stay put rather than trade-ups, a whopping 90% of homeowners are looking to make their existing living space more comfortable this year, according to a new survey.
But as inflation continues to drive up material costs, many are turning to DIY projects to save money.
For example, while the consumer-price index, a measure of inflation, moderated to 6.4% in January from a year earlier, the cost of floor coverings rose 13.1%, and the prices of tools, hardware and supplies went up by 11.8 %, according to data released earlier
US home improvement surged during the pandemic as many people had spare cash and little to buy.
Home Depot warned the boom may be over as higher prices and borrowing costs squeeze consumers.
The retailer’s bosses expect lower demand to mean flat sales and an earnings decline this year.
American homeowners invested heavily in renovating and expanding their dwellings over the past three years. Here’s a closer look at the US home improvement boom, and why Home Depot warned this week it might be over.
Home Depot said Tuesday it’s investing $1 billion in wage increases for its US and Canadian hourly workers.
The Atlanta-based home improvement chain said every hourly employee will get a raise starting this month. Starting pay will be at least $15 per hour in all markets.
Home Depot is one of many big retailers who have raised pay to attract workers in a strong US job market, where unemployment is at its lowest level since 1969. Walmart announced in January that it would be raising its hourly wage to an average of $17.50, while Target invested $300 million in hourly
Layers of lovely on the table is my favorite thing. Pretty place settings & linens and a beautiful spring centerpiece are perfect for a simple and sweet table by the barn. This centerpiece has a little secret to creating it – sharing more about this idea today.
I think of decorating as layers. Whether that is in a room design, a Christmas Tree design or a table setting. It is the layers that make something come together and create a moment.
For this table- I decided to use a couple of different pieces of this beautiful French
Maybe it was “Tool Time” after all.
Tim Allen was filmed playfully flashing his “Home Improvement” co-star Patricia Richardson in a newly resurfaced clip.
In the blooper scene, Allen, who played Richardson’s husband on the ABC sitcom, is dressed in a kilt as the actress says, “Hangs long. I just wish it was shorter.”
Allen then lifts his kilt, and while the camera does not show what was underneath it, Richardson, 71, clarified to TMZ Tuesday, “He was well-dressed under there. I was just shocked that he lifted the kilt, not by a man in boxer shorts.”
Crime
Peter Gilheney (left), Richard Gilheney (center), and Patrick Gilheney were arrested and charged on Friday, Jan. 13 in connection to an alleged home improvement scam. Arlington Police Department
Arlington police arrested three men Friday for allegedly scamming an elderly resident using a common home improvement scheme.
Peter Gilheny, 21, of Quincy, was charged with malicious destruction of property over $1,200, larceny by false pretenses over $250, unlicensed operation of a motor vehicle, and number plate violation to conceal identification.
Richard Gilheny, 18, of Randolph, and Patrick Gilheny, 18,
Lowe’s Home Improvement appears to be eyeballing a site for a 12th retail store in Tarrant County.
The North Carolina-based company with nearly 2,200 stores in the US and Canada is seeking a permit for a drainage study of about 14 acres along Avondale Haslet Road near US 81 in far north Fort Worth.
The site appears to be adjacent to the Walmart Supercenter that anchors this fast-growing corridor that’s already home to numerous fast-food restaurants and apartments.
Lowe’s already has a store in Keller on North Tarrant Parkway, about 15 miles away from the site, plus other stores in
