Home Depot to buy SRS Distribution in $18.25bn deal

Home Depot said on Thursday that it has agreed to buy SRS Distributiona residential specialty trade distribution company, for around $18.25bn. The US home improvement retailer said SRS will accelerate its growth with the residential professional customer. With this acquisition, it now believes its total addressable market is around $1trn, an increase of approximately $50bn. Ted Decker, chairman, president and chief executive of Home Depot, said: “SRS is an industry leader with a proven track record of profitable growth across verticals. “SRS’s ability to build leadership positions in each of its trade verticals while generating significant revenue growth is a…Continue Reading

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…Continue Reading

Cast, Filming Locations, News, and More

Hack My Home is the latest home renovation show to hit the small screen. Whether you’ve viewed all eight episodes of the first season on Netflix or you’re still considering whether it’s worth a watch, we’ve laid out all of the answers to your burning questions. From details about the cast to who pays for the renovations, here’s everything you need to know about the show. What Is Hacking My Home About? In short, Hack My Home is all about maximizing functionality within a house’s footprint. It follows a team of experts as they renovate homes for families who need…Continue Reading

Home Renovation Facts and Statistics (2024)

By Jesus Sanchez Garcia | August 7, 2023 All products and services featured are independently selected by our editors. However, when you buy something through our retail links, we may earn an affiliate commission. Homeowners have developed a renewed interest in home renovation projects over the past three years. According to the Joint Center for Housing Centers of Harvard University (JCHS), home improvement project spending increased from $328 billion in 2019 to $472 billion in 2022, with an estimated 2024 spending of $485 billion. This article will explore the latest industry reports and findings on how home renovation has evolved,…Continue Reading