Home Depot Sales Beat Expectations. What Does That Tell Us About The Housing Market?

 
 

Home Depot posted gains in same store sales for the first time in two years last quarter, according to an earnings report Tuesday morning.

The retailer is often looked to as a bellwether for the home renovation and construction business, which, like the housing market, has been chilled by higher interest rates and inflation.

Home Depot’s upswing in sales exceeded expectations, but the outlook wasn’t all positive.

The renovation market has been on a rollercoaster since the pandemic, from stay-at-home spending sprees to high interest rate retrenchment. Home Depot’s sales grew by about 1% last quarter, which seems to show things are starting to normalize, said Greg Portell, a retail consultant with Kearney.

“I think it is important not to confuse normalization with all of a sudden an uptick. Normalization just allows consumers to have some certainty,” said Portell.

Nick Spector, the owner of Alair Homes in Houston, has noticed a change in his customers as the shock of inflation and higher interest rates has receded.

“We’re seeing a lot of people you know, interested in moving forward with projects that they’ve been thinking about for months or even years, in a lot of cases,” said Spector.

Generally, there’s an uptick in smaller scale renovations. Spector said many homeowners decided to stay put instead of looking for a new house. High prices and mortgage rates have slowed down home sales, which puts a dent in large scale remodels.

“When somebody moves into a new home, there’s typically something that they want to do, whether it’s, ‘We need to blow out these walls and do some major changes,’” said Spector.

A slow housing market will likely keep growth in home renovations low, said Michael Baker, managing director at D.A. Davidson.

“I don’t think we’re out of the woods yet, as relates to the housing market, but it doesn’t seem to be getting worse, and in fact, bouncing along the bottom and maybe getting a little bit better,” said Baker.

He said even if the Federal Reserve doesn’t cut interest rates as quickly as once hoped, rates are unlikely to go up anytime soon.

Though, the new administration has introduced some uncertainties, said Kearney’s Greg Portell.

“The challenge for consumers is going to be, how do you interpret the headlines on things like tariffs, on things like trade, on things like immigration?” said Portell.

If costs for construction labor and raw materials are unpredictable, normalization gets a whole lot harder.

Read more at Marketplace

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Just Listed: Thraemoor in the Park Gem – Space, Style & Convenience

 
 
 

Welcome to this stunning 3-bedroom, end-unit townhouse nestled in the highly sought-after Thraemoor in the Park Townhomes.

Offering a perfect blend of style, convenience, and functionality, this home features an attached 2-car garage, providing plenty of storage and secure parking. Step inside and be greeted by freshly installed carpet and freshly painted walls, which create a bright, airy, and welcoming atmosphere throughout. The main floor offers an open and inviting layout, while the expansive primary suite boasts a private deck, ideal for unwinding with a good book or enjoying peaceful outdoor moments. The second floor includes a spacious, oversized room that serves as a versatile bonus area—perfect for a home office, playroom, or media room. The fully finished basement provides an exceptional opportunity, with the potential to be transformed into a stylish studio apartment or serve as additional living space tailored to your lifestyle. Whether you need extra room for family, guests, or a personal retreat, this space offers endless possibilities. Situated in the peaceful and charming Thraemoor in the Park community, this townhouse offers the perfect combination of modern amenities, ample space, and a prime location. Don’t miss the opportunity to own this meticulously updated home—schedule your showing today!

Listed by Bev Marsh for West + Main Homes. Please contact Bev for current pricing + availability.

 
 
 

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Just Listed: Modern Comfort Meets Rural Charm on 1+ Acre

 
 
 

Welcome to 25 McCulloch Blvd in Pueblo West, where modern comfort meets rural charm!

This like-new, four-year-old ranch-style home sits on just over an acre, offering the perfect blend of space, privacy, and convenience. The thoughtfully designed floor plan, with contemporary finishes and abundant natural light, offers main-level living at its finest. The primary suite is a true retreat, featuring a spa-like five-piece ensuite with a soaking tub, walk-in shower, and dual vanities for ultimate relaxation. Additional bedrooms are generously sized, providing comfort and flexibility for family, guests, or a home office. Outside, the xeriscaped yard creates a low-maintenance, water-efficient outdoor space, allowing you to enjoy Colorado’s natural beauty without the upkeep. The spacious three-car garage provides ample room for vehicles, storage, or a workshop. With A-3 zoning, this home offers exciting possibilities—bring your animals, start a hobby farm, or simply enjoy the extra elbow room. Experience the best of both worlds: serene, spacious living with easy access to local shops, restaurants, and outdoor recreation. This is a rare opportunity to own a move-in-ready home with the land and freedom to create your ideal lifestyle!

Listed by Wanda Wood for West + Main Homes. Please contact Wanda for current pricing + availability.

 
 
 

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Just Listed: This charming townhome in Bristol Cove boasts an excellent floor plan with three finished levels!

 
 
 

This charming townhome in Bristol Cove boasts an excellent floor plan with three finished levels!

It offers 4 bedrooms, 3.5 baths, 2 living areas, a dining area adjacent to the kitchen, and a private patio—all conveniently located near DTC. Upon entering, you're greeted by the main level living room with its vaulted ceilings and a cozy tile-surround wood fireplace. The kitchen features updated appliances, hardwood cabinets, an attached dining room, a nearby half-bath with a pocket door, and access to a private, fenced-in patio.The main level also includes the primary suite with an attached bath, an oversized closet, and French doors opening to the patio. Upstairs, you'll find vaulted ceilings with skylights, 2 bedrooms, a full bathroom, and a spacious loft that overlooks the main living room. The finished basement provides an additional bedroom, bathroom, media room (with included media components), laundry area, and a 3/4 bathroom. The detached two-car garage is drywalled and accessible through the private patio.Walk out your front door and have access to the community park area.  This home faces the park, not the street or another townhouse.This well-loved and meticulously maintained community features a pool, walking trails, beautiful trees and foliage, and is conveniently close to schools, hospitals, shopping centers, a new fire department, and more. It offers easy access to DTC and I-25 for any commute.

Listed by Theresa Hinch for West + Main Homes. Please contact Theresa for current pricing + availability.

 
 
 

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How to Make Your Basement More Sustainable

 
 

As consumers become increasingly aware of the challenges our planet is facing, a growing number are starting to adopt a more sustainable mindset when it comes to their living spaces.

In a March 2024 survey by the National Association of Realtors, the real estate professionals surveyed say that 5% of their clients are very interested in sustainable home features, while 40% are somewhat interested. And in an April 2023 survey by America At Home Study and Kantar, 46% of respondents say that a home that minimizes the environmental impact is important to their personal wellness.

One area of the home where sustainability may be overlooked, though, is the basement.

Because finishing a basement tends to come with a built-in set of challenges, such as water damage concerns and minimal natural light, it can be difficult to design a basement that lends to maximum sustainability.

Making that effort could help reduce your energy bills once your basement is finished andomake your home more marketable and valuable once the time comes to sell it. With that in mind, here are a few ways you can make your basement more sustainable, whether it’s finished already or you’re looking to turn an unfinished space into a usable living area.

Choose the Right Flooring

It’s etassential to choose the right basement flooring, knowing that these parts of the home may be more prone to flooding than others. That’s why Prasanna Lachagari, design director/partner at SDI Architecture in Boston, recommends sustainable flooring – specifically, a natural stone or porcelain tile. If that doesn’t work for your budget, she recommends a manufactured or engineered floor that does not need to be adhered and contains a large percentage of recycled materials.

“Moisture will degrade adhesive materials, allowing for the floor material to pop up,” she explains. While linoleum is a great green product, since it usually requires gluing, she adds it’s not the most practical choice for a basement floor.

Integrate Natural Elements

Lachagari is a fan of incorporating natural elements into a basement for both sustainability and aesthetics.

“Personally, I love a focus on biophilic design,” she says. “For a basement, I might try a graywater system to recycle water from sinks into a decorative indoor plant wall. Then, with those green walls made up of live plants, maybe build in a rainwater collection system.”

Lachagari says e usfng reclaimed materials and biophilic design gives a basement character and significantly reduces its carbon footprint. As a bonus, if you choose the right materials and prioritize those that address the moisture issue, “you can easily go decades without having to deal with any additional basement work.”

Consider Wool Insulation

Adding insulation to a basement is a great way to reduce energy costs. Although basements often do a good job of staying cooler than the rest of the house in the summer, thee can become chilly in the wintery The proper insulation could result in less heat usage, which is better for the planet and your wallet.

Andrew Legge, CEO of Havelock Wool in Reno, Nevada, suggests using sheep wool insulation in particular.

“Unlike traditional materials, sheep wool is renewable, nontoxic and naturally flame-resistant, offering hard-to-beat health and environmental benefits,” he says. “Wool insulation also absorbs and releases moisture, preventing mold and significantly enhancing indoor air quality.”

Invest in the Right Window Treatments

Basement windows tend to be smaller than the windows you’ll find in the rest of the house. Despite that, they can be a sbignificant source of heat loss and energy inefficiency, says Jocelyne Galaviz, director of training and design at Bloomin' Blinds in Plano, Texas. That’s why she insists it’s important to choose the right window treatments for your basement – ones that limit your energy use.

“Opt for window treatments specifically designed for insulation to help prevent drafts and heat transfer, maintaining a stable temperature in the basement year round,” she says. “Options like cellular shades, thermal lined drapes and insulating shutters can reduce heat loss by up to 40%, lowering energy use and cutting costs.”

Galaviz also recognizes that basements often struggle with limited natural light. To address this, consider dual purpose window treatments. These typically include a sheer fabric that allows natural light in, coupled with a darkening fabric that provides insulation.

“Dual purpose window treatments let homeowners balance natural light while minimizing UV exposure and heat loss, such as dual layered shades or solar shades with drapery. This reduces the need for artificial lighting during the day, lowering electricity use,” she says.

Buy the Right Furniture

Creating a sustainable basement isn’t just a matter of choosing the right fixtures, flooring and insulation. The right furniture can also mtake a space more environmentally friendly, says Amy Granger, director of marketing at Dania Furniture and Scandinavian Designs in Boise, Idaho.

“Sustainability isn’t just a trend. It’s a shift toward creating a home that reflects a responsible lifestyle,” she explains. “Choose furniture made from sustainably sourced materials.”

Also, make sure the furniture you choose doesn't contain chemicals that are harmful to the environment. Certain flame retardants and finishes, for example, can contribute to air pollution, so do your research before furnishing your space.

Install a Dehumidifier

Basements are naturally susceptible to dampness and humidity. Installing a dehumidifier is a simple way to protect your investment and help ensure that the sustainable features you've installed last. A dehumidifier might also improve the air quality of your basement, making it a more comfortable space to spend time in.

Read more at US News

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