Pandemic

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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The Pandemic Is Changing Our Financial Lives, and What to Know About Refinancing Now

Welcome to NerdWallet’s SmartMoney podcast, where we answer your real-world money questions.

The pandemic is changing our financial lives and plans. Seven in 10 Americans say their household incomes have been affected by the COVID-19 pandemic, according to a recent Harris Poll survey commissioned by NerdWallet. So it’s not surprising that most plan to take financial action after the pandemic ends, such as increasing their emergency savings and trimming nonessential spending. We’re also concerned about the home buying process. People worry whether it’s safe to tour potential homes and wonder if they could sell their existing homes. Many aren’t sure they could make mortgage payments or worry about tying up cash in a home purchase.

One of the few silver linings of the pandemic is lower interest rates, which has led to an increase in refinancing and to this week’s question from Sarah. She writes, “My husband and I … Read More

3M Relies on More Than Just Face Masks to Get Through Pandemic

(Bloomberg) — 3M Co. jumped after the maker of personal protective equipment reported strength in more than just its face-mask business.

Rising demand for cleaning supplies, food-safety products and even home-improvement items helped propel sales and profit above Wall Street’s expectations for the first quarter. While many industries have been decimated by the coronavirus outbreak, 3M reported Tuesday that its revenue rose 2.7%.

“These quarterly results were better than feared and indicated that there were still pockets of growth in personal safety, food safety, general cleaning and biopharma filtration,” Deane Dray, an analyst with RBC Capital Markets, said in a note. Virus-driven demand for respirators, meanwhile, added 1.3 percentage points of organic growth, he said.

The results underscore the dramatic economic upheaval caused by the coronavirus pandemic. While demand has tailed off in industries such as air travel and restaurants, other companies are seeing soaring interest in products to fight

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Virtual Design Services – Modsy Online Design During a Pandemic

For many people, home improvement and redesign projects were halted when shelter-in-place orders went into effect as a result of the COVID-19 pandemic. With contractors and interior designers no longer allowed to set foot physically in their clients’ spaces, executing the dreamed-of design visions has been difficult at best. So it’s only natural if you’re among those who want to turn to an online design company that offers completely virtual—i.e., no personal contact—design services, providing clients with the tools they need to keep their redesigns rolling during this new era of social distancing. ELLE Decor recently spoke with Alessandra Wood, the vice president of style at the virtual design firm Modsy, to hear more about its online design process and what trends she has seen developing over the course of the past two months.

ELLE Decor: Can you give us a rundown of how Modsy operates?

Alessandra Wood: Modsy

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