COVID-19

COVID-19 has posed challenges for every home improvement retailer, including those operating stores in multiple states. Building materials supplier Spahn & Rose Lumber counts 24 locations across Iowa, Illinois and Wisconsin. CEO Dave Davis recent spoke about the challenge of …

Big-box home improvement chain Home Depot has released its second-quarter 2020 financial results, achieving net sales of $38.1 billion. This figure marks a 23 percent increase over the same period in 2019 and a 34 percent increase over first-quarter 2020 …

According to data from the U.S. Department of Labor, weekly initial jobless claims have fallen below 1 million for the first time in almost five months. Around 963,000 people filed for first-time unemployment benefits last week. In late March, initial …

U.S. home improvement sales fell slightly from June levels, new data from the U.S. Census Bureau shows. In total, NAICS 444  sales (not seasonally adjusted) hit $40.3 billion in July, down from $43.1 billion in June sales. In June, data …

Since March, The Farnsworth Group and the Home Improvement Research Institute (HIRI) have collected data on DIYers’ and contractors’ home improvement sentiments during COVID-19. The complete report for the organizations’ Weekly COVID-19 Tracker reveals contractors are relying on brick-and-mortar home …

The House-Hasson summer dealer market, the first virtual event the company has hosted, saw a 25 percent increase in attendance over last summer’s event, organizers say. In total, roughly 1,600 people participated in the event. “We’re all about dealer profitability, …

As news hit that the U.S. gross domestic product—a measurement of the production of goods and services—contracted 32.9 percent in the second quarter of 2020, the National Association of Home Builders (NAHB) reports housing could be on the frontlines of …

Walmart is cutting hundreds of corporate positions as it merges its online and store businesses in the U.S., reports CNBC. The big-box retail chain has not disclosed how many corporate positions will be affected by the cuts, but the eliminated …