Home Improvement

jeanne mckay watercolors and a giveaway

Since the beginning of my blogging days, I’ve been fortunate to meet and make friends with some very talented and generous people. I was lucky to start blogging at a time when readers could sign up to follow their preferred blogs and before the days of the big newsletter blasts. There was more of an intimacy to the process, and the blogs were read differently, as our audience popped around to visit each of their favorite blogs each day. This is one of the big things about blogging, the way that it draws people together.

Jeanne McKay

Between women bloggers there has always been a special camaraderie. We are generally very generous in our support of each other’s projects, and we love to encourage each other to go further.

One of those precious links that grew from blogging is with my friend Jeanne McKay Hartmann. Jeanne is from Seattle but travels to

Home Improvement

Financeit buys biggest rival to expand monthly lending to Canadian home improvement market

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Michael Garrity, chief executive officer for Financeit Canada Inc., figures less than 5 per cent of costly home improvement projects are financed the way other big purchases are bought – with monthly installation loans.Supplied

Michael Garrity wants to change the way Canadians pay for home improvement.

The chief executive officer of Financeit Canada Inc. figures less than 5 per cent of those costly projects are financed the way other big purchases are bought – with monthly installation loans. Homeowners mostly use credit cards, home-equity credit lines or cash to pay for their pools, HVAC systems, additions and roofs. Mr. Garrity wants to see 95 per cent use the kinds of loans Finance it provides, similar to levels in homes and cars. His company makes more loans such as home improvement than any specialty financier in Canada.

Now, Toronto-based Financeit is extending that lead with

Home Improvement

Top 3 Home Improvement Stocks of Their Industry

The home improvement market is growing amid increasing demand for customization, rapid urbanization, and the popularity of the DIY (Do it Yourself) concept. So, it could be wise to add quality home improvement stocks to Acuity Brands, Inc. (AYI), National Presto Industries, Inc. (NPK), and Bassett Furniture Industries, Incorporated (BSET) to one’s portfolio now.

Technology and innovation are transforming the home remodeling sector, providing homeowners with an extensive range of new tools and materials to assist them in building the houses of their dreams.

DIY house remodeling and renovations are expected to be in high demand due to the increased availability of DIY home improvement items and the growing popularity of simple add-ons. The global home improvement market is predicted to increase at a CAGR of 6.7% to reach $575.5 billion by the end of 2030.

In addition, the Inflation Reduction Act may encourage households to embark on remodeling projects

Home Improvement

3 Strong Home Improvement Stocks to Buy in May

Rising interest rates and elevated inflation have weighed on home improvement spending as consumers have become increasingly price sensitive. However, with the likelihood of a hike rate pause in sight, home improvement demand is expected to rebound.

Amid this backdrop, it could be wise to invest in quality home improvement stocks, The Sherwin-Williams Company (SHW), Frontdoor, Inc. (FTDR), and Steelcase Inc. (SCS), this month.

While inflationary pressures and higher mortgage rates have deterred consumers from moving into a new home, undertaking home improvement projects seem more pocket-friendly. Last year, Americans spent an average of $8,484 on home improvement projects, reflecting a 2% increase from the pandemic era, per Angi’s 2022 State of Home Spending report.

However, with inflation moderating over the past few months and a strong labor market, experts remain optimistic about the industry’s prospects. Ben Johnston, chief operating officer at Kapitus,

Home Improvement

How to buy now/pay later renovating loan home improvement market | Payment Source

Major renovations that cost thousands of dollars are usually not impulse purchases. But the home improvement industry still welcomes the speed and convenience that made buy now/pay later loans popular.

The US home improvement industry will reach $600 billion by 2025, according to Statista. Bigger fees come with bigger risks, which in turn adds friction to the financing application process. But as a BNPL loan gradually revolutionizing consumer financethe opportunities for BNPL specialists to bypass traditional private label credit card home improvement financing – including through wholesalers such as Home Depot and Lowe’s – are huge, according to observers.

While the credit card industry hasn’t taken a hit from BNPL loan growth, US consumer data shows that alternative financing vehicles are gaining momentum, said Jason Barro, partner at Bain & Co. and the founder of NPS Prism, a three-year-old. a benchmarking platform that uses extensive consumer data sets to

Home Improvement

Home Depot hits the brakes: Three-year robust sales run ends amid pull back on home improvements


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CNN

Home Depot couldn’t keep its protracted robust sales streak going any longer. The home improvement chain reported a small quarter as consumer spending on home improvement projects – which was buoyed by the stay-at-home pandemic lifestyle – coming to a screeching halt.

The retailer posted disappointing sales for its first quarter and lowered its outlook for the year after customers slowed their spending. Home Depot (HD) said sales fell 4.5% at least a year at stores open during its latest quarter, and its income decreased 6.4% from the same stretch a year ago.

Total revenue for the quarter slipped 4.2% versus a year ago, to $37.3 billion. The retailer also cited falling lumber prices and weather-related challenges, including heavy rains in California during the period, to clink its sales.

“After a three-year period of unprecedented growth for our sector, during which we grew sales by over

Home Improvement

Millions of dollars in grants announced for the Hawaiian Home Lands project

The Hawaii Department of Homeland recently announced it will award 23 grants to 14 organizations. $8.5 million will help fund programs, services, projects, and facility improvements at Hawaiian Home Lands throughout the state.

It’s part of the department’s Native Hawaii Development Program Plan. The program’s goal is to enhance the well-being of Native Hawaiians through educational, economic, political, social, cultural and other services.

Grants to help upgrade existing facilities at Hawaiian Home Lands include $1 million for the public charter school Ka Waihona O Ka Naʻauao in Nānākuli for kitchen and cafeteria renovations. And another $1 million will be donated to the Molokaʻi Homestead Farmers Alliance for repairs to the toilets and sewer system at the Lanikeha Community Center.

Ke Kula Nui O Waimānalo is one of the recipients of grants given for programs and services in the guesthouse. The nonprofit plans to use $500,000 to support its aquaponics program