Steal This Look: A Luminous Kitchen Renovation in Rockport, Maine

Leave it to design stars Tara Mangini and Percy Bright of Jersey Ice Cream Co. to infuse an undistinguished 2004 builder’s special (see Remade in Maine: Jersey Ice Cream Co. Upgrades a Recently Built House) with rustic charm. The reimagined kitchen has tinted plaster walls, a now-signature Jersey Ice Cream Co. feature, Shaker-style cabinets, a luxury chateau-style range, and luminescent white tile. Here are the elements for re-creating the look.

The kitchen is partially constructed by Jersey Ice Cream Co. and by one of the house’s original contractors, Jay Fischer of Cold Mountain Builders. Photograph from Remade in Maine: Jersey Ice Cream Co. Upgrades a Recently Built Rockport House.
Above: The kitchen is partially constructed by Jersey Ice Cream Co. and by one of the house’s original contractors, Jay Fischer of Cold Mountain Builders. Photograph from Remade in Maine: Jersey Ice Cream Co. Upgrades a Recently Built Rockport House.
A large apron-front farmhouse sink anchors the L-shaped kitchen. It’s paired with an unlacquered brass faucet. Photograph from Remade in Maine: Jersey Ice Cream Co. Upgrades a Recently Built Rockport House.
Above: A large apron-front farmhouse sink anchors the L-shaped kitchen. It’s paired with an unlacquered brass faucet. Photograph from Remade in Maine: Jersey Ice Cream Co. Upgrades a Recently Built Rockport House.
The pièce de résistance: a Lacanche range and white terracotta backsplash. Photograph from Remade in Maine: Jersey Ice Cream Co. Upgrades a Recently Built Rockport House.
Above: The pièce de résistance: a Lacanche range and white terracotta backsplash. Photograph from Remade in Maine: Jersey Ice Cream Co. Upgrades a Recently Built Rockport House.

Materials

Above: Kitchen cabinets, built by Jay Fischer of Cold Mountain Builders, are painted Benjamin Moore Balboa Mist.
The kitchen countertops are honed Crema Delicata Marble, which is available at Stone Source among other stone retailers.
Above: The kitchen countertops are honed Crema Delicata Marble, which is available at Stone Source among other stone retailers.
Above: The kitchen backsplash is made of Clé Tile Zellige Weathered Terracotta Tile left over from the master bath (see the rest of the house in Remade in Maine: Jersey Ice Cream Co. Upgrades a Recently Built Rockport House). The tile has a color “made up of, literally, dozens of shades of white” according to Clé is $22.75 per square foot.

Appliances

Above: The range is a French Lacanche Chagny 1400 Range in ivory and brass hardware. It can be ordered directly through Lacanche. For more on ranges like this, see 10 Easy Pieces: Retro Kitchen Ranges.
Above: At the end of the counter is a SubZero 24-Inch Undercounter Wine Refrigerator. Available at AJ Madison; contact for pricing and more information.

Faucets & Fixtures

Above: The kitchen faucet is a Barber Wilsons Bridgemaster Kitchen Faucet with Side Spray in unlacquered brass; $2,192 at Quality Bath.
Above: The farmhouse sink is the Kohler Whitehaven Self-Trimming Under-Mount Sink for $1,319 at Kohler. The sink also makes an appearance in another popular Jersey Ice Cream Co.–designed kitchen for Beth Kirby; see The One-Month Makeover: Beth Kirby’s Star-Is-Born Kitchen.

Lighting

Above: The sconces are the Uptown Brass Sconces; $385 each from Jones County Road.

Accessories

Above: The rustic Blackcreek Mercantile & Trading Co. Small Narrow Board with Double Handle is $220 at March in San Francisco.
Above: From Magnus Design, the White Marble Mortar and Pestle is $130 for the large. For more, see our post 10 Easy Pieces: The White Mortar and Pestle.
Above: The Copper Colander with a stainless steel interior is $12.99 at World Market.
Above: The KitchenAid Artisan Series 5 Quart Stand Mixer is $259.96 on Amazon.
Above: From Merci, the Off White Striped Pre-Washed Linen Tea Towel is $22.14.
Above: The Old Dutch Solid Copper Teakettle with Brass Handle is $51.93 on Amazon.
Above: The Leather Fly Swatter is particularly useful in a beachfront summer cottage. This one is $18 at Schoolhouse.

Shopping for a rustic kitchen? See our posts for more ideas:

Source

https://www.remodelista.com/posts/steal-look-luminous-kitchen-renovation-rockport-maine-jersey-ice-cream-co/

Sears CEO makes a bid for Kenmore brand, home improvement business

FINANCE

Sears CEO makes a bid for Kenmore brand, home improvement business

BY Deena M. Amato-McCoy

ESL Investments, the hedge fund run by Sears Holdings Corp. chairman and CEO Eddie Lampert, has made a formal offer for one of the retailer’s signature brands — a move to help the struggling department store chain stay afloat.

The hedge fund has offered to buy Sears’ Kenmore appliances brand for $400 million. In addition, the firm also offered $80 million in cash for the Home Improvement (SHIP) business of the company’s Home Services division, according to a filing with the U.S. Securities and Exchange Commission. The deal was presented to the company’s board in a letter.

According to the filing, ESL is proposing to acquire Kenmore in a cash deal. However, the transaction is contingent on receiving equity financing from a potential partner. No partner was named in the filing. The company is also currently evaluating a potential transaction involving the company’s Parts Direct repair and replacement business, which is also part of the Sears Home Services division.

The combined deal is designed to “allow [Sears] Holdings to reduce its debt, extend its maturity profile and alleviate its liquidity challenges,” the filing explained.

According to , which cited Lampert’s letter to the board, “Speed and certainty here are critical. We believe, therefore, that an expedited process is in the best interest of all parties involved.”

ESL Investments first suggested the deal in April, when Lampert sent a letter to the board that said the firm is willing to make a proposal to buy Sears’ Kenmore brand, along with the home improvement products business and the Parts Direct business. In May, the struggling department store chain created a special committee of its board which initiated a “formal process” to explore the sale of these assets.

In the meantime, the company continues to bleed. In its fiscal first quarter ended May 5, Sears reported a 31% drop in revenue. At the same time, the company identified 100 non-profitable locations, many of which will begin store closing sales “in the near future.” (Sears operated a total of 894 stores at the end of the first quarter, which is 381 less than it did one year ago.). Fifteen Kmart stores and 48 Sears stores were expected to close in early September, with liquidation sales set to begin in June.

Coinciding with the store closings and related associate layoffs, the department store chain has made other moves in hopes of raising more cash. In January 2017, Sears sold its Craftsman brand to Stanley Black & Decker for about $900 million, including future royalty payments.

Sears also pursued an opportunity through an unlikely relationship with online giant Amazon. In July 2017, the pair teamed up to sell Kenmore appliances on Amazon’s website. The partnership marked the broadest distribution to date of Kenmore products outside of Sears stores and its websites. In December, Sears began selling a broad assortment of DieHard products on the online giant’s website. Both deals provide the retailer with access to new customers and revenue.

Then in May, Sears Auto Centers began offering full-service tire installation and balancing for customers who purchase any brand of tires on Amazon. The service initially launched at 47 Sears Auto Centers in eight metropolitan areas, including Atlanta, Chicago, Dallas, and New York. The retailer planned to make the service available in all 400-plus Sears Auto Centers nationwide.

Source

https://www.chainstoreage.com/finance-0/sears-ceo-makes-a-bid-for-kenmore-brand-home-improvement-business/

10 Home Improvement Pros Recommend Their Favorite Multi-Tools

RCL Exclusive

10 Home Improvement Pros Recommend Their Favorite Multi-Tools

From your favorite YouTube makers to ASE-certified technicians to real-estate rehabbers, you can be sure they’ve tried them all.

Design By Alex Lauer

RealClearLife has partnered with InsideHook, the essential lifestyle guide for adventurous and established men. 

The days of the fully stocked garage or woodshed are bygone.

Tim Taylor-style masculinity has been supplanted by digital-age pragmatism: you buy tools only when needed, and call up a TaskRabbit to handle more complex repairs.

Which is fine … if you want your tool set to become a hodgepodge of second-rate gadgets. But if you want to make your DIY dreams a reality, you need better.

So we asked 10 home-improving pros to recommend their number-one most essential tool. From your favorite YouTube makers to ASE-certified technicians to real-estate rehabbers, you can be sure they’ve put them through the paces.

1. Jörg Sprave, creator of , featuring homemade builds like  and the infamous “condom-applicator slingshot gun” 

“My favorite tool is my Makita 9032 handheld belt sander. I love it so much because it allows me to sculpt small pieces of wood and even metal very quickly. It is much more flexible than a fixed-mounted belt sander, so I can make pretty much anything from a small piece of wood 10 times faster than printing it with a 3D printer. I used a Black & Decker product previously, which also works well, but is much less durable than the Makita.”

2. Bob Clagett, founder of the encyclopedic  (think  and )

“My go-to tool is my Gerber Crucial multitool. It’s like having a whole toolbox in your pocket. As a maker, I work on a lot of different projects across many mediums, so a quality multitool is a must. Whether I need to open a paint can, break off 3D-printing supports, pry nails out of barn wood or clip wires off a motherboard, my multitool can do them all.”

3. Evan Roberts, real estate investor with 

“The Milwaukee oscillating multi-tool is a necessity for any DIYer. Having a precision tool gives a finished look that can’t be matched by similar hand tools. Not only will this give you a better product, but you will save time so you can get more done. It’s great when you want to surgically demo a bathroom for new tile, cutting back installed trim for a new vanity, removing rotted wood on an exterior bay window or cutting PVC when you’re adding a new toilet flange. It’s that perfect in-between tool when you need more than a handsaw but less than a Sawzall.”

4. Jeff Miller, real estate agent and owner of 

“Many households own an impact driver since it is one of the most essential tools in any handyman’s toolbox, but few understand how important it is to carry proper impact bits. These bits, like the ones manufactured by DeWalt, are designed to handle the torque of driving screws into wood, drywall or whatever material you’re working with. Normal bits will strip out, leaving you constantly replacing them. By spending the money up front on the correct impact bits, you’ll save both time and money when it comes time to get things done.”

5. Bill Barndt, Install Sales Manager for 

“Because I help people realize the potential of their entryway and front door using glass inserts, the most essential tool to me is a Bosch Cordless Jigsaw to create the cutout for a decorative glass panel. It’s easy to use and gives you greater freedom. But I also know that design inspiration is a powerful tool for DIYers and homeowners, so I’m also a big advocate of style boards and before and after projects, like the inspiration galleries on Zabitat and Pinterest. These can help create peace of mind before a project even begins.”

6. Richard Hoffman, ASE & GM Certified Automotive Technician

“These are the three tools I look for every day, whether I’m in the shop or my own garage. They all take the same battery — it’s got a ½” drive on it, and the impact has a ¼ in” that goes all the way up to one inch. I use them every day.”

7. Chris Fix, creator of our favorite automotive DIY YouTube channel ChrisFix

“One of the best tools to have in your garage is a torque wrench. This gives expert mechanics and even a novice DIYer the ability to know they have tightened a fastener to the required, safe specification so the fastener won’t break (too tight) or vibrate (not tight enough). I also like using torque wrenches because in my videos, how else can you explain how tight a fastener should be? The word ‘tight’ or ‘snug’ is different for everyone, so a torque specification is the best way to accurately convey how tight something should be.”

8. Step drill and a spring punchColin Furze, inventor of a 107-MPH bumper car, 360-degree swing and countless other machines on his 6.4 million-subscriber YouTube channel

“For the cheap stuff, a step drill or spring punch. For the expensive, a TIG welder. And for the exotic, a CNC plasma cutter.”

9. Plumbing tape and a Doyle James, president of , a Neighborly Company

“Even if you prefer to call a professional in when you have a plumbing problem, you should keep some tools in your home if you ever need to perform an emergency repair and cannot wait for a professional. If you are changing your shower head, for example, plumbing tape can provide a temporary hold while you install joints and other parts for the new head. Plumbing tape is also helpful if any pipe in your home begins leaking and you need a temporary fix until you can make a more permanent repair. If you were not able to catch a clog with your toilet or cup plunger and it has already moved lower in your pipes, a pipe wrench is a necessity. You can separate the pipes and take out the clog by hand. But do make sure to turn off the water before attempting to take apart any plumbing pipes.”

10. John Burkhauser, Auto Repair Specialist and Director of Education at 

“My favorite and most versatile tool is a regular flathead screwdriver with a magnetic button on the top. Always found in my shirt pocket for easy access any time. Matter of fact, when not working and a situation presented itself, I’d find myself impulsively reaching for it when it wasn’t there. Why? It could do almost anything, such as: remove wiper blades, jump electrical circuits, retrieve dropped screws and nuts from tight places with the magnet, use the magnet to fish out washers after bolts have been taken off, remove and install the plastic buttons that hold many panels in place, release connector locking clips, check for fuel pressure, probe in tight spots, test door latches, use it as a mini-prying tool, fluid sampler, small chisel, marking tool, alignment tool, scraper, fingernail cleaner, back scratcher — and use as an actual slotted and on some Phillips-type screws to tighten and loosen as needed! I am sure there are more. Best of all, they are free!” [Ed. note: The one linked to above is, obviously, not free.]

Nota bene: If you buy through these links, RealClearLife may earn a small share of the profits.

SHARE

Source

http://www.realclearlife.com/design/10-home-improvement-multitools-recommended/

How an Instagram-Worthy Kitchen Renovation Comes Alive with the Right Surfaces

New countertops are one of the most exciting additions to any kitchen remodel. Yet for Los Angeles–based designer Sarah Sherman Samuel, the reasons behind the Caesarstone surface choices in her most recent renovation include much more than just their transformative good looks.

A close up of Caesarstone’s ‘White Attica,’ a polished marble-like slab with delicate gray veining.

Her clients Eden and Zan Passante own a quaint California ranch home that needed a modern refresh for a brighter feel. A beautiful new kitchen was of particular importance to Eden, who not only enjoys having people over, but also sees entertaining as a serious business—her lifestyle blog, Sugar and Charm, relies heavily on engaging photos for her hosting tips, recipes and more. 

“Since she has the blog, the kitchen had to be very photogenic and aesthetically pleasing,” Sarah notes. “Eden also wanted beautiful surfaces to shoot on, especially because top-down photos on countertops are so important in the blogging and Instagram world.” 

Caesarstone was the obvious countertop choice. Highly durable and reliable, Caesarstone quartz is renowned for its nonporous and antimicrobial qualities, which translates to minimal maintenance. This makes life easier for Eden, who doesn’t need to worry about scrubbing out stains or resealing the countertop before a photo shoot. A quick wipe down with warm soapy water is all she needs to bring the surface back to a photogenic shine. 

Caesarstone’s seamless qualities makes the material a leading choice for dramatic waterfall kitchen countertops. Pictured here is ‘Topus Concrete’.

As a designer, Sarah is also drawn to Caesarstone for its wide variety of color options and ease of use. “They just have so many beautiful colors,” Sarah explains. “They’re always in my back pocket. I can always spec or at least propose some Caesarstone in most of my projects.” She adds that while kitchen countertops are her go-to choice for Caesarstone, she’s also played around with using the quartz surfaces in bathrooms, from shower benches to a sleek floating vanity.

Caesarstone comes in a wide variety of finishes, including a low-reflective ‘rough’ finish with a matte look for the ‘Cloudburst Concrete’ surface.

Caesarstone’s ‘Cloudburst Concrete’ can be used in many settings, from industrial chic bathrooms to minimalist modern kitchens.

It’s easy to see why Sarah is drawn to the versatility of Caesarstone given her background in surface and product design. Her expertise in combining colors and patterns has gained her a steady following and partnerships with major brands.

When asked about her love for surface design, Sarah said: “Surface materials can really make a space. You don’t really think about it when you enter a space, but you feel it. You feel the surroundings by what the surfaces look like. For instance, you don’t have to touch a velvet pillow to know that it’s soft. Your brain takes it all in and translates it into a feeling. I always find it fascinating how a room can make you feel anxious or happy just by the different textures and surfaces that are there.

‘White Attica’ complements the cool tones of this modern kitchen.

The neutral marble-like finish of Caesarstone in ‘Noble Grey’ balances out the varied textures and patterns in this kitchen.

“You’re probably not even aware that you’re perceiving these surfaces, but you are. I think it’s really interesting how your surroundings affect your mood so much, and that’s why they’re so important. And I think for functional spaces, like the kitchen and bathroom, they’re even more important for your well-being because you want beautiful surfaces that are also clean and sanitary.” 

Bringing that design thinking to Eden and Zan’s kitchen renovation, Sarah sought to create a space that was warm, modern and inviting. “I’d describe my design style as relaxed but edited, and it matches with Eden’s style too, which is modern with a touch of rustic. Still, I’m also always pushing for something a little unexpected. So even though the kitchen is warm and modern, the design isn’t without character.”

The one-inch slab height gives Eden and Zan’s countertops a more modern appearance.

Caesarstone in Calacatta Nuvo fit that description to a T. “It has that old-world charm but with modern technology,” Sarah explains. The marble-inspired surface features elegant gray veining on a luminous white base. Unlike marble, however, the quartz surface is resistant to cracks, scratches and stains—giving Eden all the visual advantages of marble without the high-maintenance headache.  

The creamy white Calcatta Nuvo countertop offers a neutral base that complements any color scheme.

“I wanted something durable and low-maintenance, with a little variation,” Eden enthuses on her blog. “I had honed before and it was too much upkeep. This polished Caesarstone has been an absolute dream in the kitchen, with zero stains and it cleans up perfectly. We actually used it in our master bath too! I love the look of the waterfall edge!” 

Source

https://www.dwell.com/article/caesarstone-quartz-countertop-kitchen-renovation-fe835ec1

Home Improvement Projects That Pay for Themselves

Skip links

View as slideshow

13 Home Improvement Projects That Practically Pay for Themselves

Lisa Marie Conklin

These smart upgrades pay off big in resale value and enjoyment of your home.

Bright ideas

“For an immediate face-lift, update your light fixtures,” says Kim Howard, Realtor and co-founder of Howard Homes Chicago. You can buy a stylish ceiling fan for $100 dollars or less and updated semi-flush ceiling mount lights for about $60. Not only do buyers love the cohesive flow new lighting gives the home, but Howard also says new lighting easily increases the value of the home by 1 to 2 percent, which translates to $10,000 on a $500,000 home.

Give cabinets new life

Modern new light interior of kitchen with white furniture and dining table.Undrey/Shutterstock

“Replacing your cabinets is a huge cost that is not completely necessary if the cabinets are less than ten years old, functional, and made from a high-quality wood like cherry, maple, ash, hickory, or oak,” says John Milligan, Product Development Manager at N-Hance Wood Refinishing. Refinishing generally costs between $3,000 to $8,000 and can potentially bump up the value of your home between 3 and 7 percent. Here are 13 more tricks to make your kitchen look expensive.

The biggest bang for your buck

Couple painting house wallRawpixel.com/Shutterstock

A fresh coat of paint instantly updates and transforms the entire interior of your home, and when you consider that the average price tag of a gallon of one-coat coverage paint is around $38, that’s about the biggest bang for your buck you can get. “Grays are back in vogue, and create a neutral palette that lets your decor really pop,” says Steve Frellick, licensed contractor and founder/broker of Yonder Luxury Vacation Rentals. Repaint your bathroom blue, and your house could fetch as much as $5,440 more than expected, according to a recent Zillow report.

Renovate your views

Windows that stick or are warped or drafty aren’t doing your comfort level or your budget any favors. According to the 2018 Cost vs. Value report in , vinyl replacements windows average just under $16,000 for ten 3-by-5-foot double-hung windows and have a resale value near $12,000. Plus, you’ll reap even more savings from your energy bill. Replacing the same number of wood windows is a bit pricier at around $19,000 with a resale value of approximately $13,500. Look out for these 12 hidden home expenses that are draining your bank account.

Dress up your siding

Luxurious new home with curb appeal. Trendy grey two-story exterior in Bellevue with large picture windows, stone siding, covered porch and concrete pathway. Northwest, USAArtazum/Shutterstock

Manufactured stone veneer looks just like real stone but is made from less expensive concrete. On a home’s exterior, it adds texture and warmth and gives you a solid return on your investment. According to , taking a 300-square-foot band of existing vinyl siding from the bottom third of the front of your house and replacing it with a manufactured stone veneer will cost around $8,200. However, you’ll recoup an impressive 97 percent of your costs when it’s time to sell.

Roll up the carpet

Robert Kneschke/Shutterstock

Tasteful mini bathroom remodel

Bathroom sink shot close up with a modern design white subway tile backsplashGarrett Aitken/Shutterstock

“It never hurts to put money into a tasteful bathroom remodel,” says Realtor Sam McLennan from Century 21 McLennan & Company in the greater Boston area. “Replacing the toilet, vanity, light fixtures, and mirror can add a new look and feel for under $3,000. For a few hundred dollars more, consider coating a dated fiberglass tub with a white epoxy and adding a curved shower rod and curtain to freshen the decor. McLennan says even a mini bathroom remodel can amp the increase the resale value 5 to 10 percent.

Exterior facelift

Closed wooden front door of a house during daytimeDavid Papazian/Shutterstock

New siding is like a facelift for the house, resulting in enhanced curb appeal. But replacing worn out siding isn’t just about looks: Damaged siding creates moisture and mold, and it leaves insulation exposed, causing your heating and cooling bills to skyrocket. According to the 2018 Cost vs. Value report in Remodeling, updating a 1,250 square feet of siding will cost around $15,000 and add about $11,500 to your home’s resale value. Find out how to save on all your utility bills this month.

The grass is always greener in your yard

Drip Irrigation System Close Up. Water saving drip irrigation system being used in a Blueberry field. Max Lindenthaler/Shutterstock

Dragging out and moving sprinklers every week is not only time-consuming; it adds to your water bill. A better idea? Drip irrigation. “This puts water where plants need it—at the root zone—and it uses much less water over time, as the emitters are placed right near the plants and drip at a reduced rate,” says Tyler Davis, plant merchant for Orchard Supply Hardware. It’s easy to install, and at an average of $2.50 to $4.50 per square foot, it will pay for itself in a short time with water savings, he adds. A green and well-manicured lawn adds $2,000 to $7,000 to the resale value of your home. Here are 11 other home projects you can DIY this weekend.

A “welcome” upgrade

Light green wooden doors in an old traditional English lime stone cottage surrounded by climbing pink roses, lavender, on summer dayYolanta/Shutterstock

A freshly painted front door and garage are the main components of the all-important first impression, notes Allen Shyaanfekr, CEO and co-founder of Sharestates. Simple touch-ups can be staining or painting the door. According to the 2018 Cost vs. Value report in Remodeling, a 16-by-7-foot garage door averages about $3,500 with a resale value of about $3,400. A new steel front door might set you back about $1,500 but the resale value is about $1,350.

Sign Up for Our Newsletters

Get articles sent right to your inbox

Give yourself some space

Bright attic bedroom with wood double bed and floor panelsPhotographee.eu/Shutterstock

Creating more usable square footage is something you’ll never regret, whether you use it for storage or more living space. “Having a finished basement or attic can be as simple as putting up and painting sheetrock and putting down flooring,” says Shayanfekr. The costs will vary greatly depending on the square footage and materials used, but the Remodeling Impact Report from the National Association of Realtors shares that you’ll recoup 53 percent resale value with a $75,000 attic conversion, and a basement conversion of around $40,000 will recoup $25,000 at resale.

Replace the roof

Roofer builder worker installing roof shingles brizmaker/Shutterstock

Replacing a leaky or worn out roof may not seem like an exciting home improvement with that “wow” impact, but you’ll save in energy costs and prevent mold and moisture from damaging your home. And once the new roof is installed, it acts as the finishing touch to the curb appeal—not to mention, it pays for itself. According to the Remodeling Impact Report from the National Association of Realtors, a new roof averages about $7,500 but you’ll recoup 109 percent of the cost with $8,150 in resale value. These are the 15 things all smart homeowners do once a year.

Take it outside

Bright garden furniture, grill and plants on cozy terrace with wooden floor and brick wallPhotographee.eu/Shutterstock

Creating more living space without the breaking the bank is on the wish list of many homeowners, and upgrading your outdoor space is one way to do it. “An outdoor ‘room’ is the second most important room in the house, second to the kitchen,” says Kevin Guzior, vice president of marketing & product development at Pioneer Landscape Centers. For decks, expect to spend an average $9,000 to $24,000, depending on if you use composite or wood., while a concrete patio averages between $2,000 and $12,000 depending on poured pad or pavers used, Guzior says. A deck or patio will add about 80 percent for resale value and hours of enjoyment. Don’t miss these 31 home improvements that will double the value of your home.

Reader Interactions

Source

https://www.rd.com/home/improvement/home-projects-pay-for-themselves/

Home Depot earnings roar back on home-improvement spending

Home Depot handily beat expectations during the second quarter, bouncing back from a slow start to the year when terrible weather cooled construction projects. The world’s biggest home improvement retailer boosted its full-year profit and revenue forecasts Tuesday.

Higher mortgage rates combined with steadily rising real estate prices have dampened home sales this summer despite the robust economy and job market, but Americans continue to plow money into the places where they live.

The Atlanta company’s second-quarter profit hit $3.51 billion, or $3.05 per share. That a much bigger per-share profit than the $2.84 that Wall Street was looking for, according to analysts surveyed by Zacks Investment Research.

Revenue rose to $30.46 billion, from $28.11 billion, also topping projections of $29.98 billion on Wall Street.

Sales at stores open at least a year, a key indicator of a retailer’s performance, surged 8 percent, and 8.1 percent in the U.S.

Home Depot suffered a rare subpar performance when it reported first-quarter earnings in May. A cold spring chilled sales of fertilizer, live plants and gardening goods. It’s been a different story for the three-month period that ended July 29, with temperatures heating up along with the job market.

The weather and falling unemployment, near a five-decade low, has led to increased home-improvement spending.

Home Depot now foresees 2018 earnings-per-share growth of about 29.2 percent, from last year’s $9.42 per share. The company expects revenue to rise about 7 percent, with same-store sales to increase about 5.3 percent.

The Home Depot Inc. last predicted 2018 earnings-per-share growth of about 28 percent, an increase in revenue of about 6.7 percent, and same-store sales growth of about 5 percent.

Source

https://www.cbsnews.com/news/home-depot-earnings-roar-back-on-home-improvement-spending/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+cbsnews%2Ffeed+%28CBSNews.com%29

Breaking Your Personal Limits