Tag: home improvement loan rates

News Flash • Burlington County Commissioners Make Changes to

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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…Continue Reading

These Were the Most Popular Home Improvement Projects of 2023, According to BobVila.com Readers

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Photo: istockphoto.comThere’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…Continue Reading

3 Home Improvement Stocks to Buy in February and Beyond

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Due to evolving consumer preferences and rising consumer demand for refurbished homes, the home improvement industry is well-placed to remain buoyed. Therefore, quality home improvement stocks Builders FirstSource, Inc. (BLDR), JELD-WEN Holding, Inc. (JELD), and Snap-on Incorporated (SNA) could be wise portfolio additions for February and beyond. The residential remodeling market is growing, driven by shifting consumer preferences and rising disposable income. Disposable personal income rose by $51.80 billion (0.3%) in December 2023. The rapid change in consumer demographics, particularly due to the millennial and Gen Z populationhas significantly driven the demand for home renovations and upgrades. Plus, the rise…Continue Reading

Home Depot leans on demand for small projects to top estimates – National

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Home Depot beat quarterly profit estimates and posted a lower-than-expected drop in comparable sales on Tuesday, as the top US home-improvement retailer tapped into a switch by customers to small-scale projects and essential repair work.US consumers have put big renovations and discretionary home-improvement projects on the back burner as they battle still-high food prices, lingering caution around the economy, and higher interest rates. “Similar to the second quarter, we saw continued customer engagement with smaller projects, and experienced pressure in certain big-ticket, discretionary categories,” CEO Ted Decker said in a statement. Customer transactions fell 2.4 per cent in the…Continue Reading

Home Depot’s Q1 lackluster shows that remodeling boom is over

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Interest in big home improvement projects is waning. That’s one takeaway from Home Depot’s uninspired first-quarter results. “The size of the projects are getting a bit smaller,” Home Depot (HD) CEO Ted Decker told analysts on the company’s first quarter earnings call Monday. “It could be that project [are] being deferred or it could be that the project is being broken up into chunks,” Decker said. “Rather than doing an entire room or an entire basement, you start working it in smaller chunks and that clearly impacts items per basket in overall activity. “ On a yearly basis, customer transactions…Continue Reading