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It’s the first time the home improvement retailer posted gains in two years. This is partly because homeowners are renovating instead of shopping for a new home.
The company says customers are deferring big renovation projects because of high interest rates and economic worries.
The price of lumber has plummeted since early in the pandemic, but other building materials are up 30% from 2019.
The home improvement company is buying SRS Distribution, a roofing, landscaping and pool construction supplier, for $18 billion.
It will need “a lot of TLC,” Candice Sides said about the 19th-century log cabin she bought to be her family’s eventual home.
Most home improvement projects don’t break even, a new study says. But the value of an upgrade may be more than financial.
A story about falling in love with a fixer-upper log cabin in Ohio.
For consumers who’ve been looking at the same walls since the pandemic started, a new coat of paint may be worth more than travel.
Demand for new U.S. homes is at a record high, and existing homes are old and need repairs.
But only for home improvements.