Posted in home remodeling

Texans spent less going out to eat and drink, but more on home improvement as coronavirus cases peaked this summer

Texas collected about $2.8 billion in state sales tax revenue in August – 5.6% less than in the same month last year, Texas Comptroller Glenn Hegar said Tuesday.

That revenue was based mainly on purchases made in July, when the numbers of coronavirus cases were peaking. That rising rate, the comptroller said, likely put a damper on economic activity.

State sales tax collections from major sectors – except retail trade – declined compared with the same period in 2019, Hegar said. The comptroller said the largest declines happened in sectors related to oil and gas, which includes manufacturing. A Hegar spokesperson also pointed to declines in sectors such as transportation and bars and restaurants.

In retail trade, distance learning prompted higher remittances to the agency from sporting goods, electronics and home furnishing retailers. Consumer spending also increased on home improvements and home entertainment. Such spending, Hegar said, was supported by

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Posted in home improvement

Millennial homeowners have done the most home improvement projects during extra time spent in the house

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

In fact, a poll of 2,000 homeowners found that compared to other generations, millennials have been the busiest, with 81 percent having tackled a home improvement project since March.

Conducted by OnePoll in conjunction with Bernzomatic, a manufacturer of handheld blowtorches, 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.

SWNS

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.

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.

All this, without the help of an outside contractor (47 percent opted

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Continue Reading Millennial homeowners have done the most home improvement projects during extra time spent in the house