Posted in lowe's home improvement

Why Home Improvement Has Surged And How It’s Changing America

The sound of power tools is roaring in neighborhoods across the United States.

In the Brookside neighborhood in central Kansas City, Mo., John Buhr has do-it-yourself projects going from top of the garage to the basement.

“As soon as COVID hit, we needed someplace the kids could play,” Buhr says, noting that neighborhood parks were closed. “So we put a playhouse down [in the basement] first and then found the kids liked it so much that we went ahead and built a living room. And then my wife needed the space to work.”

So now Buhr is building an office for his wife in what was an unfinished attic above the garage. He’s also working on a self-contained apartment for his parents and in-laws to use when they’re in town for extended babysitting visits.

“This all kind of became immediately necessary, thanks to COVID,” Buhr says.

John Buhr now devotes much of his time to fixing up his family's home in Kansas City. He's building a playhouse for his young children, an apartment for the grandparents to use on their extended babysitting visits and an office for his wife, who supports the family working in the tech industry.
John Buhr now devotes
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Posted in home remodeling

Why Home Improvement Has Surged And How It’s Changing America : NPR

“It used to be a backyard. Now it’s a summer oasis,” says Astoria Camille of the water feature she built in her mother’s Kansas City, Mo., backyard using an old stock tank and 53 bags of pea gravel.

Frank Morris/KCUR


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“It used to be a backyard. Now it’s a summer oasis,” says Astoria Camille of the water feature she built in her mother’s Kansas City, Mo., backyard using an old stock tank and 53 bags of pea gravel.

Frank Morris/KCUR

The sound of power tools is roaring in neighborhoods across the United States.

In the Brookside neighborhood in central Kansas City, Mo., John Buhr has do-it-yourself projects going from top of the garage to the basement.

“As soon as COVID hit, we needed someplace the kids could play,” Buhr says, noting that neighborhood parks were closed. “So we put a playhouse down [in the

Read More
Continue Reading Why Home Improvement Has Surged And How It’s Changing America : NPR
Posted in home improvement loans

Mortgage Originations, Refinancings Surged In Second Quarter Amid Low Rate Backdrop

KEY POINTS

  • In all of 2019, lenders extended about $2.5 trillion in home loans
  • Mortgage rates fell below 3% for the first time in July.
  • Only 18% of all refinancing borrowers retained post-refinance in the second quarter

Mortgage originations set a record in terms of volume in the second quarter despite the ongoing COVID-19 pandemic, data analytics firm Black Knight reported.

First lien mortgage origination volumes approached $1.1 trillion in the quarter – an all-time record. In all of 2019, lenders extended about $2.5 trillion in home loans.

“Despite the nation being under pandemic-related lockdowns for much of the quarter, a record-breaking surge in mortgage originations occurred in [the second quarter of 2020], driven by the record-low interest rate environment,” Black Knight Data & Analytics President Ben Graboske said. “Nearly $1.1 trillion in first lien mortgages were originated in [the second quarter of 2020], which is the largest quarterly origination

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Continue Reading Mortgage Originations, Refinancings Surged In Second Quarter Amid Low Rate Backdrop