Homeowners planning major renovations this year could face sticker shock. The price of construction and building materials rose 3% in February from a year ago, labor data shows. But some items have skyrocketed. The cost of construction bricks has jumped 25%, while general contractors are charging more amid a shortage of skilled […]
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/cloudfront-us-east-2.images.arcpublishing.com/reuters/K3KLNLSLWZM4BEZPZMZFBANEOE.jpg "Lowe’s optimistic on home improvement demand despite rising interest rates")
Feb 23 (Reuters) – Lowe’s Cos Inc (LOW.N) on Wednesday raised its full-year sales and profit forecasts and offered an optimistic outlook for home improvement demand in the United States in the face of rising mortgage rates. A strong U.S. housing market since the pandemic began propelled sales at Lowe’s […]
