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 […]
Continue ReadingAs mortgage rates begin ramping up in early 2022, leaving borrowers with virtually no incentive to refinance, a wave of nonbanks introduced home equity lines of credit, a popular funding source for home remodeling projects. HELOC originations also saw a surge at the same time. But with rates accelerating even higher over the past 12 […]
Continue ReadingKansas City police have released a person of interest “pending further investigation” into the death of a popular Kansas City home remodeling company owner. John Bartrom, founder of Jericho Home Improvements, died after a shooting Sunday morning near 63rd and Prospect in Kansas City. Bartrom, 46, was known for his commercials and catchy jingles for […]
Continue ReadingThe Home Depot missed Wall Street revenue expectations for the second quarter in a row. The home improvement retailer on Tuesday (May 16) reported earnings that showed sales of $37.3 billion, down 4.2% year over year. It marked the second time in as many quarters that the company came in below analysts’ expectations, as consumers […]
Continue ReadingThe home improvement industry’s prospects look promising due to easing mortgage rates, rising disposable income, and expected interest rate cuts by the Federal Reserve. Additionally, homeowners are opting for renovations and remodeling instead of purchasing new homes, further driving the growth of the industry. Given this backdrop, it could be wise to add fundamentally strong […]
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