Residence-renovation plans are being shelved. What does that inform us concerning the economic system?
Published:
Those big bathroom- and kitchen-remodeling projects that homeowners may have been thinking about? Some are apparently putting them on hold because of fresh anxiety about the economy.
The first sign these types of big-spending projects were being postponed came last month after Home Depot Inc.
HD and Lowe’s Cos. Inc. LOW reported recent sales. Executives told investors that do-it-yourselfers and other homeowners were spending less on large remodeling projects.