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How Inflation Will Affect Home Improvement Prices in 2022
Photo: istockphoto.com Inflation—a steady uptick in prices for goods and services, and the corresponding dip of our purchasing power—is higher now than it has been for decades. In October 2021, the consumer price index (CPI) increased 6.2 percent from the previous year, a spike not seen since 1990, according to the U.S. Department of Labor. “Simply put, inflation measures the changing value of the dollar,” explains Mischa Fisher, chief economist for home services website Angi. “So with an inflation rate of 6.2 percent, $100 last year is only worth about $94 this year.” The Cause? Blame COVID Inflation occurs
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The Best Home Improvement Loans of 2021
Photo: istockphoto.com If you’re looking to perform some renovations or need to make repairs, a home improvement loan could provide the financing you need to pay for the project. However, finding the best way to finance home improvements takes a little time and research. It’s crucial to compare factors like minimum credit score requirements, maximum loan limits, and interest rates to make sure you find the best home improvement loans for your situation and needs. The loans listed here are personal home improvement loans, so it’s important to compare any origination fees, late fees, prepayment fees, and other fees associated
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3 INVESTIGATES: Home improvement contractor arrested for fraud | 3 Investigates
BOSSIER CITY, La. – A local home contractor that KTBS has featured in two investigative reports this week is in jail. Bossier City police issued an arrest warrant for Richard Paul, 66, and he surrendered to authorities Thursday. He was booked into Bossier Maximum Security Facility and is held on a $45,000 bond. South Bossier Parish house that remains unfinished by Richard Paul’s company. KTBS 3 Investigates reporter T.W. Starr has been looking into Paul and his business, People’s Choice Flooring and Remodeling, for the past few weeks. The investigation was sparked by complaints called in by viewers about Paul’s
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Lowe’s says pandemic-fueled home improvement demand could cool in 2022
An employee organizes buckets for sale inside a Lowe’s Cos. store in Burbank, California. Patrick T. Fallon | Bloomberg | Getty Images Lowe’s sales outlook disappointed investors on Wednesday and raised concerns the pandemic-fueled boom in do-it-yourself and decorating projects is cooling. The company’s shares dropped by as much as 4% in premarket trading. Then, the stock rose later Wednesday as new data from homebuilders showed a huge appetite for housing — even during a typically slow season and a period of inflation. That backdrop coupled with Lowe’s executive comments about the possibility for market share gains, help the stock
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With Eye Toward Innovation & The Future, Titan Home Improvement Becomes Titan Holdings
CORAL GABLES, Fla.–(BUSINESS WIRE)–Titan Holdings (“Titan,” formerly “Titan Home Improvement”) today announced a companywide new operating structure aimed at driving innovation and growth including the launch of a new business vertical and the rebranding of another as part of a broader strategy to revolutionize the end-to-end residential remodeling process. Titan has split itself into two business verticals: direct-to-consumer home improvement operations and a residential services technology business, as further detailed below. The home improvement operating business will be branded as Renuity and will own Titan’s family of home improvement divisions, including FHIA Remodeling, Mad
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