Two indicators suggest Americans’ spending on remodeling is headed downwards despite hope that homeowners willingness to sit tight and not list their homes meant that a wave of home renovations are coming.
Home Depot’s first-quarter sales improved despite a slow spring start and the home improvement chain raised its full-year guidance despite a cooling housing market that had helped power its profits during the pandemic.
At Walmart, sales of teeth whitener are popping as customers take their masks off. So are travel items. Macy’s says that special occasion dressing like prom dresses are on the upswing as well as luggage, men’s tailored clothing, and dressy sandals.
With millions of people staring at their walls while working from home, sales at Home Depot surged in the second quarter, with same-stores sales in the U.S. spiking 25 percent.
When done right, DIYs are great, saving you money and time. They can even be fun and give you a sense of pride in what you’ve accomplished. But they can also be rolling disasters when they go off the rails.
Single-family homes are on the way out and commercial space could be in the mix at Great Pond Village, in a developer’s latest vision for a massive planned community in Windsor.
The 135,643-square-foot Home Depot Plaza in Orange has been sold for $16.25 million.
