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News Flash • Burlington County Commissioners Make Changes to

The Burlington County Commissioners have approved changes to a County program that assists low- and moderate-income residents with critical home repairs. The Burlington County Home Improvement Loan Program provides zero-interest deferred payment loans to income-eligible homeowners of up to $25,000 to make repairs or correct substandard conditions that might impact health and safety. Previously residents who qualified for the loan were required to repay the full amount without interest whenever their home was sold or the residents moved. The change approved by the Commissioners allows the loans to be forgiven if the recipients continue to live in their home for…
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2024 Media Streaming Stats You Should Know – Forbes Home

In an era where digital media consumption has become a significant part of our daily lives, understanding streaming trends is more crucial than ever. As we continue to embrace the convenience and diversity offered by streaming services, it’s important to delve into the patterns and preferences shaping this landscape. To provide insightful and accurate data on current streaming habits, Forbes Home commissioned a comprehensive survey, aiming to capture the essence of America’s streaming culture in 2024. To get a clearer picture of the streaming behaviors and preferences among Americans, Forbes Home partnered with the market research company OnePoll. The objective…
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Home improvement contractors could become extinct in Louisiana • Louisiana Illuminator

Under a proposed law in Louisiana, homeowners would have to hire a licensed general contractor for any home improvement work valued over $10,000. Some worry the measure will destroy the market for trim carpenters, fence builders and other handymen who can perform jobs up to $75,000 under current law. Currently, the Louisiana State Licensing Board for Contractors (LSLBC) regulates two different types of residential construction professionals, aside from mold remediation experts: the licensed general residential contractor, which is required for jobs priced above $75,000; and the certified home improvement contractor, who can perform work between $7,500 and $75,000. Both must…
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News Flash • Senate Clears Singer Bill to Protect New Jersey

The New Jersey Senate voted in favor of legislation sponsored by Senator Robert Singer (R-30) that would establish a professional board to regulate home improvement and home elevation contractors. “For too long New Jerseyans have worried about the legitimacy of their contractor. Today’s Senate vote takes another step in the right director to give us all the confidence to make decisions that best improve our quality of life,” said Sen. Singer. “By increasing transparency and setting a clear standard for contractors, we can greatly improve consumer protections and give the people of New Jersey the peace of mind they deserve.”…
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Is the Remodeling Boom Over—or Just on Pause?

During the pandemic, Americans became ultra-focused on upgrading their homes, taking on remodeling and DIY projects in record numbers. But as recession fears mount, more homeowners are putting on the brakes and showing less willingness to dole out large amounts of money on home improvement projects. New data this week shows home improvement giants like Lowe’s and Home Depot posting lower profits. These firms are also downgrading their sales outlooks for the year. Home improvement experts say consumers are becoming jittery about the economy and are moving from large-scale renovations to smaller, cheaper projects—or just scrapping their renovation plans altogether.…
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Home Improvement Spending Expected To Drop 5.9% Through Q2 Of 2024 – Forbes Home

Key Takeaways Home renovation spending is expected to decrease from $486 billion to $457 billion in 2024. The main driving factors of this decrease include high and rising interest rates, lowering house price appreciation and a decrease in home sales.  Smaller projects and projects with high ROI should be prioritized during this time. The Joint Center for Housing Studies of Harvard University recently published its latest quarterly Leading Indicator of Remodeling Activity (LIRA) report, which predicted a 5.9% decrease in home renovation spending through the second quarter of 2024. This report, which offers a “short-term outlook of national home improvement…
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These Were the Most Popular Home Improvement Projects of 2023, According to BobVila.com Readers

Photo: istockphoto.com There’s no shortage of tasks to do and projects to tackle as a homeowner. From necessary repairs big and small (cracks in the ceiling, roof repair, appliance repair, and more) to renovation projects (kitchen and bathroom remodeling, among others), many homeowners are trying to make their houses more than just a place to live—they’re trying to turn them into homes that are a source of shelter, security, comfort, enjoyment, and perhaps most importantly, a sense of belonging. Homeowners invested more in maintenance than improvement in 2023. Home buying cooled as mortgage rates rose. Paired with a low housing…
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Lowe’s Companies Inc (LOW) Is the Top Stock in the Home Improvement Retail Industry?

News Home Monday, March 18, 2024 06:29 AM | InvestorsObserver Analysts Mentioned in this article Lowe’s Companies Inc (LOW) is the highest overall rated company in the Home Improvement Retail industry with an overall score of 70. LOW is up 24.36% so far this year after the company closed yesterday at $244.73. The overall score measures the company’s performance based-off both short and long term indicators and means that LOW scores better than 70% of the overall market. LOW has an Overall Score of 70. Find out what this means to you and get the rest of the rankings on…