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13 Best Home Improvement Projects To Tackle This Fall

A recent survey by LightStream found that despite the coronavirus pandemic, 73% of homeowners are planning to renovate this year. And these homeowners are planning to spend big money, too — the survey found homeowners plan to spend an average of $11,851 on these renovations. These numbers might sound shocking in light of the financial hardships many Americans are facing due to the pandemic, but it seems the health crisis actually might be the reason so many are so motivated to renovate.

“As a result of COVID-19 shutdowns that closed offices, businesses, schools and more, self-isolation has forced Americans to take a much closer look at their homes,” Todd Nelson, senior vice president of strategic partnerships at LightStream, said in a news release. “Many have clearly decided that renovation remains the right move.”

If you’re one of the many homeowners who’s eager to update your home this fall, these are

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Over 80 Percent of Millennials Have Done a DIY Home Improvement Project During Pandemic Shutdown

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Millennials are getting handier around the home since lockdown measures began, according to new research.

A poll of 2,000 homeowners conducted by OnePoll in conjunction with Bernzomatic found that compared to other generations, millennials have been the busiest, with 81 percent having tackled a home improvement project since March, according to SWNS.

The survey examined the various home improvement projects American homeowners completed while stay-at-home orders have been in effect — and looked at why they’ve taken them on.

For 65 percent of those polled, a project was done to save money while 49 percent simply needed something to keep themselves busy while being in lockdown.

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Overall, the average homeowner has already attempted four different home improvement projects since March — guesstimating a savings of over $160 just by trying a project themselves.

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Is Home Depot (HD) Benefiting From the Stay-at-Home Trend?

The Home Depot Inc. HD, which is a leading home-improvement retailer in the United States, is one of the prime beneficiaries of the coronavirus pandemic-induced a stay-at-home trend across all regions. This trend has proved to be a blessing for the home improvement industry. Notably, there has been a marked increase in repairs and home-remodeling projects in the past few months, as people are spending more time at home due to the increased work-from-home situation.

The company noted that accelerated customer engagement for home improvement in the second quarter of fiscal 2020 led to strong growth in its Pro and DIY customer categories. Notably, it witnessed strong demand for exterior and interior projects like deck building, painting projects, landscape work and home repairs due to increase wear and tear. As a result, DIY sales outpaced Pro sales growth in the fiscal second quarter.

Further, its Pro customers’ sales accelerated significantly

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Home Improvement Stars Reunite for Building Competition Series on History

History is giving Home Improvement fans the next best thing to a full-blown reboot, reuniting Tool Time duo Tim Allen and Richard Karn for a building-themed reality competition series, TVLine has learned.

The 10-episode series, tentatively titled Assembly Required, will “spotlight the best and brightest builders from across the country, at their home workshops, as they compete to breathe new life into everyday household items in desperate need of fixing. This new series will push each contestant to their limits while testing their ability and ingenuity to not only rebuild it but to build it better. In each episode, Allen and Karn will also dive into the unique history around these items to celebrate the men and women who crafted them, and the techniques used.”

Karn will serve as host, executive-producing alongside Allen. Assembly Required is expected to premiere sometime in 2021.

“Let’s face it — we’re living in

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Lowe’s Up 30% in 3 Months on Solid Home Improvement Trends

The pandemic induced stay-at-home practice is encouraging home renovation and maintenance activities. This certainly is turning out to be an upside for certain home improvement market players, including Lowe’s Companies, Inc. LOW. Moreover, the company’s robust digital offerings and merchandise strategies are yielding, keeping investors interested in the stock.

Lowe’s currently has a Zacks Rank #3 (Hold). The stock has surged nearly 30% in the past three months compared with the industry’s rise of 19.6%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

That said, let’s take a look into some of the aspects that are acting as the aces in Lowe’s stack.

Home Improvements Market Looks Bright

With majority time being spent indoors due to the pandemic scenario, there is a rising focus on making homes an enjoyable and comfortable space. Home DIY projects for remodeling, decorating and maintenance of furniture

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Wall Street Weighs In On Home Depot’s Blowout Q2, BofA Upgrades Stock

Home Depot Inc (NYSE: HD) was one of several major retailers to report blowout second-quarter earnings this week, sending the home improvement stock soaring.

Home Depot posted second-quarter EPS of $4.02 on $38.05 billion in revenue Tuesday. Both numbers topped consensus analyst estimates of $3.71 and $34.53 billion, respectively. Revenue was 23.4% higher year-over-year.

U.S. same-store sales rose 25%, and Home Depot’s average purchase amount was up 10.1%. It was the first quarter of double-digit same-store sales growth for Home Depot in more than seven years.

Several analysts weighed in on the stock following the impressive print. 

Long-Term Tailwinds For Home Depot: BofA Securities analyst Elizabeth Suzuki said it’s not too late to buy Home Depot shares to capitalize on the shelter-in-place environment.

“Although home improvement spending in the coming quarter may decelerate amidst sequentially declining government stimulus/unemployment benefits, we believe that the longer-term tailwinds for the home improvement

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