As 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…
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3 Home Improvement Stocks to Buy in February and Beyond
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…
Home Depot’s Sales Fall as Consumers Hold Off on Renovations
The 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…
Jericho Home Improvements owner’s death suspect released in Kansas City
Kansas 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…