More people are also living in harm’s way, Brooks said. That’s why Uccellini and others see increasing risks to people and property.
said Tuesday that it doesn’t expect to raise prices because of tariffs, saying it has spent years diversifying the sources for the goods on its shelves. However, executive Billy Bastek said some products now on Home Depot shelves may disappear.He also noted that the chain is seeing fewer customers taking on large home improvement jobs like kitchen and bath remodels, because high interest rates may be dissuading homeowners from borrowing money to finance such projects.
Spending on home renovations has remained resilient as elevated mortgage rates and skyrocketing home prices have frozen out many would-be buyers. That’s keptlimiting the market for homeowners who want to sell.Many homeowners also bought or refinanced their mortgage when the average rate on a 30-year home loan was below 3% or 4% in the first couple of years of the pandemic. That’s made them reluctant to sell now, when the average rate is hovering
In response, many homeowners have opted to to invest in sprucing up their home rather than sell and take on a mortgage with a sharply higher interest rate.A shortfall in new home construction more than a decade in the making has kept people living in older homes longer. Nearly half of the owner-occupied homes in the U.S. were built before 1980 and have a median age of 41 years, according to an analysis of Census data by the National Association of Home Builders. That aging stock of homes has helped fuel the need for repairs and improvements.
Harvard University’s Joint Center for Housing Studies’ most recent quarterly outlook of home improvement projects that spending on home renovations will continue to increase this year, despite
Spending by homeowners on maintenance and home improvement projects increased 0.5% in the first quarter from a year earlier to $513 billion, according to the JCHS’ leading indicator of remodeling activity, or LIRA.and will burden poorer nations. Under the bloc’s rules, people can be sent to countries deemed safe, but not to those where they face the risk of physical harm or persecution.
“We can expect families being separated and people being deported without appropriate judicial review to places they don’t even know,” said Silvia Carta, Advocacy Officer at PICUM, a collective of organizations that defends migrants’ rights.The EU’s executive branch, the European Commission, proposed that the 27 member countries should no longer feel bound to ensure that migrants have a link to a place they might be sent to.
The commission, which proposes EU laws and ensures they are respected, said that unauthorized migrants could also be deemed to have a connection to a country if they crossed it safely on their way to Europe. This wouldn’t apply to children traveling alone.Under the plans, people could be forcibly taken to one of these countries before their cases are heard, even if they appeal.