improvement

Do-It-Yourselfers Will Continue to Fuel Home Improvement Market Post-Pandemic, Reports NPD

The popularity of do-it-yourself (DIY) home improvement projects in the U.S. during the pandemic is a trend that will continue with more than 40% of consumers indicating having post-pandemic DIY home improvement plans. According to new insight on the home improvement market from The NPD Group’s Checkout information, approximately one in ten consumers have taken on home projects they would have hired professional services for pre-pandemic, including cleaning, landscaping, maintenance, repairs, and even remodeling.

PORT WASHINGTON, N.Y., Sept. 28, 2020 /PRNewswire-PRWeb/ — The popularity of do-it-yourself (DIY) home improvement projects in the U.S. during the pandemic is a trend that will continue with more than 40% of consumers indicating having post-pandemic DIY home improvement plans. According to new insight on the home improvement market from The NPD Group’s Checkout information, approximately one in ten consumers have taken on home projects they would have hired professional services for pre-pandemic, including cleaning, landscaping, maintenance, repairs, and even remodeling.

Through the pandemic, while most brick-and-mortar channels experienced declines in purchases due to COVID-19, the home hardware store channel has benefited from the consumer’s increased focus on their living spaces, and personal interest in taking on some new projects. With 11% more purchases than last year, home hardware stores were the second fastest growing channel in the first seven months of 2020.

“House-bound in March, consumers noticed opportunities to make their personal spaces more livable as they not only provided shelter, but became office space and schoolrooms for many,” said Shay Krafft, NPD’s president of U.S. home improvement & major appliances. “Home hardware stores were able to remain open and support the needs of the consumer, both in-store and online.”

This increased interest in DIY projects during the pandemic accelerated home improvement market performance in several ways. Across five key home improvement

Do-it-Yourself Home Improvement Retailing Market in Europe| Insights on the Crisis and the Roadmap to Recovery from COVID-19 Pandemic| Technavio

LONDON–(BUSINESS WIRE)–The do-it-yourself home improvement retailing market in Europe to register an incremental growth of USD 25.41 billion, witnessing a CAGR of almost 3% during 2020-2024, according to latest market research analysis by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the do-it-yourself home improvement retailing market in Europe in optimistic, probable, and pessimistic forecast scenarios.

Get detailed insights on COVID-19 pandemic Crisis and Recovery analysis of do-it-yourself home improvement retailing market in Europe. Download free report sample

The do-it-yourself home improvement retailing market in Europe will witness a Negative and Inferior impact during the forecast period owing to the extensive rise of COVID-19 pandemic. Furthermore, as per Technavio’s pandemic-focused research highlights, the market growth is likely to Increase compared to 2019.

Do-it-Yourself Home Improvement Retailing Market in Europe 2020-2024: Vendor Analysis

The market is fragmented. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. With a rapidly shifting focus toward creating a digital marketplace to provide a convenient platform for stakeholders in the supply chain, several companies in the market are resorting to move their businesses online along with existing brick-and-mortar channels.

Major do-it-yourself home improvement retailing market participants in Europe are

  • BAUHAUS AG
  • BAUVISTA GmbH & Co. KG
  • EUROBAUSTOFF Handelsgesellschaft mbH & Co. KG
  • Groupe Adeo
  • HORNBACH Baumarkt AG Group
  • Intergamma BV
  • Kesko Corp.
  • Kingfisher Plc
  • OBI Group Holding SE & Co. KGaA
  • Travis Perkins Plc

Click here to learn about report’s detailed analysis and insights on how you can leverage them to grow your business.

Do-it-Yourself Home Improvement Retailing Market in Europe 2020-2024: Segmentation

Do-it-Yourself Home Improvement Retailing Market in Europe is segmented as below:

  • Distribution Channel
  • Product
    • Lumber and landscape management

Home Improvement Stocks Vie With Tech for an Investor Reckoning

Florida Residents Prepare For Hurricane Dorian

Photographer: Christina Mendenhall/Bloomberg

Global tech stocks aren’t the only ones due an investor checkup. Home improvement companies have also surged during the pandemic, and it’s fair to ask if this is as good as it gets.

An equal-weighted basket of 30 of the world’s biggest home improvement companies is up 23% this year, easily besting the 2% rise in the MSCI AC World Index, according to data compiled by Bloomberg. The gauge has almost doubled from its March lows, outpacing even the 63% rise in the high-flying Nasdaq-100 Index.

The gains have left stocks in the basket — including U.S. giant Home Depot Inc., Kingfisher Plc from the U.K. and Germany’s Hornbach Holding AG — trading on an average of 25 times forward earnings, up from 19 times at the end of February.

Global home improvement stocks have surged this year

While the coronavirus has upended large swathes of the global economy, worldwide lockdowns have ignited a boom in home improvements. Home Depot reported second-quarter revenue growth that was more than double an already high level of expectations, while reports from Germany suggested do-it-yourself sales soared by 16% in the first half.

Covid Do-It-Yourself Boom Is Turning All of Us Into Hipsteaders

But in a stock market that’s ever forward looking, some are beginning to question whether the boom is sustainable, particularly as lockdowns ease and stimulus payments from governments look set to come to an end.

“The Covid-19 crisis pulled forward record levels of demand for home improvement projects as many consumers had more time and money to work on their residences,” Jessica Rabe, co-founder of DataTrek Research, wrote in a note Tuesday. “Once there’s a vaccine it will enable a greater share of disposable income to transition back to vacations and activities outside the home.”

According to Rabe, U.S. home improvement shares in

7 Best Ways to Finance Home Improvement Projects | Pennyhoarder

Home improvement projects have a way of increasing in priority when you’re always in the house.

The leaky kitchen faucet never really bothered you until you had to turn your kitchen table into a desk, forcing you to listen to the dribble. All. Day. Long.

Or maybe you discovered your cozy home isn’t quite big enough to also house an office, gym and school, so you need to rethink your space.

Whatever the reason and whatever the size of the project, you need to make a change — but how are you going to pay for it?

Considering the eye-popping price tag — the average cost for just a garage door replacement is $3,695 and a minor kitchen remodel surpasses $23,000 — you might not know where to start for financing your home improvement projects.

But whether the price tag is a few hundred dollars or into the triple digits, we’re here to help you decide the best way to finance your project — without winding up in debt long after the last coat of paint has dried.

7 Ways to Finance Home Improvements

Listening to financial experts talk about how to pay for your home improvement is a good idea, but what do they know about the real-life leaking roof you’re living with?

Well, Jill Emanuel is the lead financial coach at Fiscal Fitness Phoenix. She works with plenty of clients as they choose financing for their home renovations.

But she’s also a homeowner who needed to replace her entire air-conditioning system and ductwork this past spring — and in Arizona, air conditioning is not optional.

She spoke with us about how to decide which options are best for a home renovation — as well as her personal experience financing her own project.

Wait, Should You Even Be Doing

Top Home Improvement Retail Stocks To Watch Before October 2020

The MarketWatch News Department was not involved in the creation of this content.

Sep 23, 2020 (StockMarket.com via COMTEX) —
Are These The Best Home Improvement Retail Stocks To Buy Right Now?

Retail stocks were harshly affected by the pandemic when it arrived. Some retail companies were able to perform well like Target Corporation (TGT Stock Report) and Walmart Inc. (WMT Stock Report). This was due to them staying open despite the worldwide closures of retail stores. It seems like home improvement companies were able to see the same benefits as the companies mentioned above.

This is due to the large increase in home improvement during the quarantine. Since people are or were stuck at home, home improvement has been the main focus for plenty with nothing else to do. So the top home improvement retail stocks being open for the majority of 2020 has caused them to perform well. E-commerce is still growing larger than the retail industry, but there are many home improvement products that consumers prefer to purchase in person. Let’s look at a few home improvement retail stocks that have been trending upwards in the market.

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Top Home Improvement Retail Stocks To Buy [Or Sell] Right Now: The Home Depot Inc.

First, we must discuss The Home Depot Inc. (HD Stock Report) as it is one of the leaders in the industry. The Home Depot is reported as the largest home improvement retail company in the United States. Home Depot’s stores supply things like tools, equipment, construction items, wood, and more. The company has a plethora of locations in several places around North America. On August 18th, the second-quarter results