Home Improvement

Spectrum Brands (SPB) Q3 Earnings & Sales Beat Estimates

Spectrum Brands Holdings Inc. SPB posted better-than-expected results in third-quarter fiscal 2020. Results gained from solid demand for its products throughout the quarter. Notably, the majority of its segments delivered sturdy sales growth. However, supply-chain disruptions related to the Hardware & Home Improvement segment hurt quarterly growth to some extent.

Moving on, the company’s global productivity improvement plan savings contributed to quarterly growth. Encouragingly, this plan is anticipated to generate at least $100 million of full run-rate cost savings over the next nine to 12 months.

Despite such upsides, management withdrew the fiscal 2020 view. That said, demand remains positive for three of its four categories. Also, Spectrum Brands estimates shipments and factory output to improve in the fiscal fourth quarter.

Spectrum Brands Holdings Inc. Price, Consensus and EPS Surprise

Spectrum Brands Holdings Inc. Price, Consensus and EPS Surprise

Spectrum Brands Holdings Inc. price-consensus-eps-surprise-chart | Spectrum Brands

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Global Home Improvement Products Industry

Global Home Improvement Products Market to Reach US$1 Trillion by the Year 2027. Amid the COVID-19 crisis, the global market for Home Improvement Products estimated at US$807. 5 Billion in the year 2020, is projected to reach a revised size of US$1 Trillion by 2027, growing at a CAGR of 3.

New York, July 09, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Home Improvement Products Industry” – https://www.reportlinker.com/p05817573/?utm_source=GNW
4% over the period 2020-2027.DIY, one of the segments analyzed in the report, is projected to grow at a 3.3% CAGR to reach US$812.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the DIFM segment is readjusted to a revised 3.6% CAGR for the next 7-year period. This segment currently accounts for a 19.9% share of the global Home

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6 Ways to Finance Your Home Improvement Project

If you’ve been staring at the four walls of your home since March, you might feel an itch to finally finish your basement or update your bathroom tiles. As long as you’re at home, you might as well enjoy what you’re looking at, right?

According to a survey by online lender LightStream, 73% of homeowners are planning a home improvement project this year. Nearly two-thirds of homeowners planning renovations will use savings, the survey says. Those who don’t have savings or choose not to spend it will need to weigh their options for financing their renovation projects.

The best way to pay for your project depends on factors like your home equity, credit and goals for the project. Here are six types of home improvement loans and how each works.

1. Cash-out refinance

The economic effects of COVID-19 have driven mortgage rates down sharply, making cash-out refinance a popular recommendation

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Creating The Perfect Patio Setup

7 Outdoor Kitchen Ideas to Create the Perfect Backyard Setup ...

Patios are the perfect canvas for the ideal outdoor entertaining space. Many of us cannot do much about the space that is available to us, but we can make the most of what our current home comes with. Regardless of size, your patio can become the go-to location for all your relaxation and party activities with the right decor.

For starters, your outdoor entertaining space should not be too far from what you already have going on inside of your home. The design of the patio itself, your outdoor heaters, and patio furniture sets should reflect the overall aesthetic of your indoor living space.

Here are some tips for creating the perfect patio.

Layout Your Space

Optimise your outdoor space by assigning a function for each area. Create one zone around your grill or fire pit while the other can be built around your pool or bathtub if you have … Read More

76% of Homeowners Made Home Improvements During Pandemic

With many consumers spending more time indoors because of the pandemic, some homeowners have used at least a portion of that time to make improvements on their homes.

Porch, a company that connects homeowners and home improvement professionals, surveyed homeowners to gauge whether the coronavirus outbreak has stopped them from moving forward with their home improvement plans. The survey found that not only were most homeowners not deterred by the pandemic, but many have taken action because of it.

A renewed focus on home amid the pandemic

Some earlier studies have suggested that consumers may be putting off plans to buy a new house because of the economic turmoil caused by the pandemic. For current homeowners, though, renovating their homes may be an appealing alternative.

The vast majority of respondents to the Porch survey — 76% — said they have made at least one home improvement since the pandemic started.

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DIY Trend in Home Improvement & Automation to Soar: 5 Picks

The global urban population is expected to swell by around 2.5 billion by 2050. Urban dwellers have shown a significant inclination to Do-It-Yourself (DIY) projects, in both home improvement and home automation. As the coronavirus pandemic have restricted people mostly indoors, they can now invest more time in DIY projects that drives the market.

Stay-at-Home Propels Home Restructuring

The pandemic has forced people to work from home and many companies have suggested employees to continue working remotely even after the coronavirus outbreak. Hence, many are now converting their unfinished basements into a workspace or working on DIY home-office projects. This includes expanding space to fit in another computer monitor and making a bookshelf that can fit perfectly into the space available.

Additionally, in the past years, the United States has been witnessed rising adoption of luxury real estate and with the rise in population of working women, families now have

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