Posted in home

The New Home Company Reports Selected 2020 Third Quarter Preliminary Results

The New Home Company Inc. (NYSE: NWHM) today announced selected preliminary results for the 2020 third quarter. These estimated results are preliminary and unaudited.

Preliminary 2020 Third Quarter Financial Highlights (Estimated Results)

  • Net new orders of 251 as compared to 124 in the 2019 third quarter, a 102% increase

  • Monthly sales absorption of 3.5 per community as compared to 2.0 per community in the 2019 third quarter, a 75% increase

  • September net new orders of 99, a 106% increase compared to September 2019

  • Homes in backlog of 329 homes, representing $207.1 million in backlog value, as compared to 207 homes at the end of the 2019 third quarter, a 59% increase

  • Ending actively selling community count of 25, a 14% increase compared to the end of the 2019 third quarter

  • Homes sales revenue of $117.4 million as compared to $118.8 million for the 2019 third quarter

    • Deliveries of 157 as

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Posted in home

Jets send all coaches, players home after positive COVID-19 test surfaces at facility, per reports

NFL: Preseason-New York Jets at Atlanta Falcons
Brett Davis / USA TODAY Sports

The Tennessee Titans and New England Patriots appear on track to play their rescheduled Week 5 games thanks to zero additional COVID-19 cases after Thursday testing, but now yet another team — and more games — may be affected by the virus. As ESPN and ProFootballTalk reported Friday morning, the New York Jets have sent all coaches and players home from their New Jersey facilities after a player registered a “presumptive positive” COVID test.

Said player is undergoing additional testing, per ESPN’s Adam Schefter, and the Jets merely cleared their facility “out of an abundance of caution.” But the news suddenly puts New York’s Sunday game against the Arizona Cardinals in question, Schefter added, with the Cards now uncertain whether they can or will fly to the East Coast for Week 5’s matchup.

Cardinals general manager Steve Keim said the team will “prepare

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Posted in home improvement storest

Do-It-Yourselfers Will Continue to Fuel Home Improvement Market Post-Pandemic, Reports NPD

PORT WASHINGTON, N.Y., Sept. 28, 2020 /PRNewswire-PRWeb/ — The popularity of do-it-yourself (DIY) home improvement projects in the U.S. during the pandemic is a trend that will continue with more than 40% of consumers indicating having post-pandemic DIY home improvement plans. According to new insight on the home improvement market from The NPD Group’s Checkout information, approximately one in ten consumers have taken on home projects they would have hired professional services for pre-pandemic, including cleaning, landscaping, maintenance, repairs, and even remodeling.

Through the pandemic, while most brick-and-mortar channels experienced declines in purchases due to COVID-19, the home hardware store channel has benefited from the consumer’s increased focus on their living spaces, and personal interest in taking on some new projects. With 11% more purchases than last year, home hardware stores were the second fastest growing channel in the first seven months of 2020.

“House-bound in March, consumers noticed

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Posted in home

California housing market continues recovery as median home price breaks $700,000 mark, C.A.R. reports

– Existing, single-family home sales totaled 465,400 in August on a seasonally adjusted annualized rate, up 6.3 percent from July and up 14.6 percent from August 2019.

– August’s statewide median home price was $706,900 up 6.1 percent from July and up 14.5 percent from August 2019.

– Year-to-date statewide home sales were down 6.8 percent in August.

LOS ANGELES, Sept. 17, 2020 /PRNewswire/ — California’s housing market continued to improve in August as home sales climbed to their highest level in more than a decade as the median home price broke last month’s record and hit another high, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. 

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 465,400 units in August, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized

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Posted in lowe's home improvement

Lowe’s Reports Earnings Today. Here’s What to Expect.

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The company has been one of the winners during the pandemic.


Bruce Bennett/Getty Images


Lowe’s

has seen big gains in 2020, but it has a high bar to cross when it reports second-quarter earnings on Wednesday.

Lowe’s shares (ticker: LOW) are up nearly 33% year to date, compared with 30.5% for

Home Depot

(HD), and less than 5% for the

S&P 500.

Yet with those big gains come big expectations, especially after Home Depot reported a pretty robust quarter on Tuesday.

That isn’t to say that Lowe’s isn’t up to the task. The company has been one of the winners during the pandemic, as people spend more time at home and those that haven’t been financially hurt are redirecting their spending toward home improvement and furnishings. It has also been slowly working to close the operational gap with Home Depot, a trend some are hoping is getting a

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Posted in home remodeling

Solar Home Systems Market Size, Share, by Global Major Companies Profile, Competitive Landscape and Key Regions 2025 Research Reports World

The MarketWatch News Department was not involved in the creation of this content.

Sep 11, 2020 (The Expresswire) —
Global “Solar Home Systems Market” (2020-2025) Industry Research Report is an expert and inside and out examination on the flow condition of the Global Solar Home Systems industry. In addition, investigate report sorts the worldwide Solar Home Systems market by top players/brands, area, type and end client. This report likewise examines the different Factors impacting the market development and drivers, further reveals insight into market review, key makers, key received by them, size, most recent patterns and types, income, net edge with provincial examination and figure.

Get a sample PDF of the report at –https://www.researchreportsworld.com/enquiry/request-sample/16384011

The global Solar Home Systems market is anticipated to rise at a considerable rate during the forecast period, between 2020 and 2025. In 2020, the market was growing at a steady rate and

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Posted in contractions

PIOJ reports negative impact to real sector growth due to COVID-19

As the novel coronavirus pandemic continues to negatively impact the prospects for gross domestic product (GDP) growth, the Planning Institute of Jamaica (PIOJ) in its latest assessment of economic activities reported contractions across all major sectors in the services and goods-producing industries.

In a quarterly briefing on Wednesday last, the country’s chief planning agency said that the economy declined by 18 per cent for the April to June quarter, four percentage points more than it had previously projected, when it estimated a 12-14 per cent decline in its outlook while reporting on the January to March quarter earlier this year.

Director general of the PIOJ, Dr Wayne Henry, said that the out-turn for the April-June quarter was as a result of the implementation of measures to manage the pandemic along with the associated impacts, ranging from border closures, restricted movements, business closures, job losses, weakened demand and reduced economic

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Posted in home remodeling

Home Depot Reports Earnings Tomorrow. Here’s What to Expect.

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People aren’t spending money on travel, entertainment and dining, and have redirected that money to making their homes more enjoyable.


Justin Sullivan/Getty Images

As the pandemic has kept everyone in their houses, many of us have become Tim “The Toolman” Taylor. Home Improvement is suddenly everyone’s favorite hobby, and that has helped

Home Depot.

Investors will see just how much when the retailer reports earnings Tuesday morning.

Home Depot stock (ticker: HD) has climbed more than 30% in 2020, more than six times the

S&P 500’s

gains in the same period.

It isn’t hard to see why. Those who have been lucky enough to stay employed during the pandemic aren’t spending money on travel, entertainment and dining, and thus have redirected those funds to making their homes more enjoyable as they hunker down to spend more time there.

In addition, Home Depot’s status as an essential retailer

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