Posted in renovation

James Hardie raises 2021 profit forecast on high demand for renovation

Adds details on markets, 2021 forecast

Oct 14 (Reuters)Australian building materials supplier James Hardie Industries JHX.AX on Wednesday raised its full-year profit forecast and said it expected to post record second-quarter results, boosted by solid demand for its services across markets.

Since the COVID-19 pandemic related shutdowns hammered sales earlier in the year, there has been a recovery in Asia Pacific and European markets.

James Hardie, the world’s biggest fibre cement maker, said the all-time high quarterly sales were “made possible by having all three operating regions deliver growth above market.”

In August, it said sales in North America, one of its biggest markets, were buyoed by homeowners turning to renovation amid the pandemic.

The company increased its fiscal 2021 forecast for underlying net operating profit after tax (NOPAT) to between $380 million and $420 million, from an earlier projection of $330 million and $390 million.

It

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Posted in kitchen remodel cost

Planning a home renovation? Here’s how to make sure you profit from it

How your space functions and feels matters now more than ever, especially if your new norm is an everything-at-home lifestyle; work, play and living. And, by this point in the pandemic, if your space isn’t optimal, you’ve probably exhausted all the furniture- and room-rearranging options available to you. So naturally, if you own, home improvements aimed at increasing the livability and workability of your space are probably on your mind.

Whether it’s a long-planned or pandemic-induced renovation, here’s how to do the math on it.

Begin with the final market value in mind

Before you start breaking up the concrete in your basement in an effort to level out the floor, you’ll want to compare listings and sale prices of properties that are, and are not, upgraded (for condos and townhouses, too). Some of this information can be found online, and your realtor, if you have one, can fill in

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Posted in home remodeling

Kingfisher profit boosted as pandemic drives DIY rediscovery

LONDON (Reuters) – The COVID-19 crisis has prompted consumers to rediscover the joy of home improvement, do-it-yourself (DIY) retailer Kingfisher KGF.L said, as it reported a 23% jump in first half profit.

FILE PHOTO: A general view as people queue outside a B&Q DIY store following the outbreak of the coronavirus disease (COVID-19), Watford, Britain, April 26, 2020. REUTERS/Paul Childs

Shares in the group, which owns B&Q and Screwfix in Britain and Castorama and Brico Depot in France and other markets, were up 7% at 0905 GMT on Tuesday, extending 2020 gains to over 30%, after it also said strong second quarter sales had continued.

Like-for-like sales in the second quarter to July 31 soared 19.5% and are up 16.6% in the third quarter so far.

The pandemic has meant people are spending more time at home, they have fewer leisure options and are traveling less.

“The crisis has prompted

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