Home Improvement

Lowe’s donates over $9 million to help keep homes safe and affordable in Charlotte

Lowe’s Home Improvement store is donating $9.25 million in funding, products and gift cards to organizations in Charlotte to keep “homes safe, healthy and affordable” amid the coronavirus crisis.

Lowe’s announced Tuesday it is making the donations in a combination of funding, products and gift cards to nearly 30 local charitable groups and businesses for affordable housing, skilled trades training and technology, the company announced Tuesday.

The Mooresville-based company is extending how it thinks about the word home, company executive vice president of human resources Janice Little said.

Little told the Observer the donations are another step in the company’s efforts to help with community projects. Lowe’s also has an employee volunteer program that has been focused on affordable housing and skilled trades over the last year.

“We really need to make sure that we can support all members of our community,” she said.

Some of the Charlotte hometown projects supported through the donation, according to Lowe’s, include:

? $1.67 million to Habitat for Humanity of the Charlotte Region to support home repair, new home construction and two new apprentices for its apprenticeship program. Even with the COVID-19 pandemic, Habitat Charlotte Region has moved 26 families into newly completed homes.

• $1.33 million grant to the city of Charlotte for its Safe Housing Home Rehabilitation Program in the Beatties Ford Road Corridor to help with home repairs. It also helps older residents age in place and low- and moderate-income families be able to stay in their homes.

• $1 million to the Charlotte Mecklenburg Library Foundation to create the Lowe’s Technology Lab at the new main branch offering technology help and classes.

? $50,000 donation to Charlotte-Mecklenburg Schools Foundation’s Connect for Tech program to help close the connectivity gap for local students during the pandemic.

• $200,000 in gift

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Upcoming home improvement show at Expo Center to meet spike in projects during pandemic

ROYAL PALM BEACH — Taking advantage of this prolonged stretch at home to make some changes to your surroundings? 



a group of people standing in front of a store: The Expo Center at the South Florida Fairgrounds, seen here during an Antiques Festival in 2009, will play host to the Home Improvement and More Show on Oct. 23-25.


© Palm Beach Post File Photo
The Expo Center at the South Florida Fairgrounds, seen here during an Antiques Festival in 2009, will play host to the Home Improvement and More Show on Oct. 23-25.

You’re not alone, and the staff of the South Florida Fair wants to help.

The Home Improvement and More Show is Oct. 23-25 at the fairgrounds’ Expo Center, 9067 Southern Blvd. The event features more than 60 vendors across 35 categories related to home improvement, said Tim Pachis, corporate sales manager for the South Florida Fair.

More: No stickball in Wellington this year, but Wycliffe league has terrific plan for $60 dues

The show will be open 10 a.m. to 5 p.m. Friday, Oct. 23 and Saturday, Oct. 24 and 10 a.m. to 4 p.m. Sunday, Oct. 25. Admission and parking are free. 

The expo comes as recent surveys show a spike in home improvement projects in the U.S. since the country essentially shut down in late March because of the novel coronavirus pandemic. 

A Porch.com study released in July found that nearly 80% of homeowners in the U.S. plan to launch a home improvement project in the next year.

More: This Wellington business opened during the pandemic — and it’s thriving

Most home shows since the pandemic were canceled, Pachis said, making the Home Improvement and More Show a rare standout.

While keeping an eye on the increase of demand for home improvement services and products, organizers have the coronavirus in mind for other reasons.

Attendees are required to wear masks, and social distancing is encouraged in the Expo Center, said Vicki Chouris, president and CEO of the South Florida Fair and Palm Beach County

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Home Improvement Market Sees Surge During Pandemic

PALM BEACH,  Fla., Oct. 13, 2020 /PRNewswire/ — Analysts expect home improvement spending to reach $439.9 billion in 2020 – In the time of a global pandemic, there is indeed no place like home. As millions of Americans practice social distancing while working and learning remotely, the home has become the focal point of our lives. The desire to make residences safer, more comfortable and more enjoyable has led to a home improvement boom.   Mentioned in today’s commentary includes:  NeoVolta (OTCQB: NEOV), Tesla (NASDAQ: TSLA), Home Depot (NYSE: HD) and Lowe’s (NYSE: LOW).

The Home Improvement Research Institute predicts Americans will spend $439.9 billion on home improvement products in 2020. The online home remodeling platform Houzz reports that demand for kitchen and bath remodeling was up 40% year over date in June 2020, while home additions increased 52% and fencing projects jumped 166%. Pool and hot tub installations are seeing a wave of strong demand across the country. 

Home renewable energy is also seeing a surge as storage batteries are being installed in more households. According to the U.S. Energy Storage Monitor, the energy storage industry saw record-breaking deployments during the second quarter of 2020, and rapid expansion is expected to continue. A total of 168 MW and 288 MWh of energy storage was deployed in the quarter, second only to Q4 2019 as the highest on record, according to the joint report by Wood Mackenzie and the U.S. Energy Storage Association.

With Americans nesting like never before, four of the companies active in-home improvement are: NeoVolta (NEOV), Tesla (TSLA), Home Depot (HD) and Lowe’s (LOW).

NeoVolta (OTCQB: NEOV) – San Diego based NeoVolta, whose stock is trading around $4 per share, is the only pure-play energy storage company on this list. Recently NeoVolta announced an exclusive distribution

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AutoZone and Three Other Retailers to Buy for the Election

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AutoZone is on Wells Fargo analyst Zachary Fadem’s list of best ideas..


Justin Sullivan/Getty Images

With the presidential election just over three weeks away,

Wells Fargo

took a look at what the results could mean for the retail sector. The bank found that the best bets are in home improvement and auto parts.

Analyst Zachary Fadem noted that Democratic nominee Joe Biden, now leading in the polls, has pledged to return corporate taxes to their level before the 2017 tax cuts, at around 28%. While that might be a concern for investors, he said retailers have advantages that could help offset the pain.

If limits on state and local tax deductions are also removed, he said, many consumers may spend more. Potential new tax credits, such as for child care, could also put more money into the pockets of low- and middle-class consumers, funds they might use for more shopping.

Ultimately, he said risks linked to the election are “relatively low for our coverage,” making it likely that recent trends will continue. He listed

AutoZone

(ticker: AZO),

O’Reilly Automotive

(ORLY),

Home Depot

(HD), and

Lowe’s

(LOW) as his best ideas, as he has previously.

In the five most recent election years, Fadem said, so-called hardline retailers, selling durable goods, outperformed the broader market in the three-, six-, and 12-month periods post-election.

Tractor Supply

(TSCO), O’Reilly,

Best Buy

(BBY), and

Williams-Sonoma

(WSM) were “notable standouts,” he said.

The pattern also held true in the final two months of presidential election years, which could bode well for the group going into the end of 2020.

With current tariffs remaining in place, the 28% tax rate Biden favors would chip away about 9% from the group’s earnings per share, on average, he says. Retailers with exposure to the highest-tax states, such

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Consumers Feathering Their Connected Home Nests

Among the more unexpected effects of the COVID-19 pandemic over the last half-year or so is the sudden home improvement boom it set off among consumers.  Unexpected, but not entirely surprising, as consumers suddenly spending nearly all of their time in their homes these days have realized that home ought to be as nice and as comfortable as humanly imaginable. And since they’re not eating out, travelling far from home or going to events very much these days, many even have the budget to make some upgrades.

New furniture, new appliances, new floors, swimming pools, gardening supplies, tools boxes, paint and patio furniture are just a short list of things that have seen their sales surge as the homebound have begun feathering their nests and making their homes more comfortable, useful and aesthetically pleasing.

And, as new data released by Security research company Security.org indicates, that upgrade wave among consumers is increasingly extending to making their homes smarter as well.  The overwhelming majority of consumers report already owning at least one smart home device (91 percent), with a very solid majority planning to purchase more in the not-too-distant future.  The survey found 64 percent of respondents said they were planning to buy a new type of smart home technology within the next year.

Now, there are caveats with the data — the first of which is the survey cast a very wide net for what “counted” as a smart home device to get to that 91 percent, including expected stuff like smart speakers, smart lights, thermostats, etc, but also things like smart TVs, which tend to inflate the figures. But the survey does show that smart appliances are gaining ground among consumers, which at least strongly indicates that smartening up their homes is

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