Houzz Stat: Homeowners’ renovation spending
Kitchen remodels average $19,100. Remodeling a kitchen is among the most popular renovation projects, and the average homeowner spend for doing so stayed steady year over year, at $19,100 for renovations in 2016, compared with $18,900 in 2015.
Master bathroom remodels average $11,700. Similarly, the average price tag for master bathroom renovations rose to $11,700, a small uptick from the prior year’s average of $11,300.
See a breakdown of bathroom remodel costs.
Budgetary matters. The No. 1 renovation challenge, cited by 36 percent of homeowners who renovate, is staying on budget. Finding the right products and materials was the second most common challenge, followed by finding the right service providers.
Read the full 2017 Houzz & Home Report here.
Stihl Hardware All Stars: Mich., Minn., N.C.
From old-time, traditional hardware stores to modern building supply dealers, the 2017 class of Stihl Hardware All Stars takes all kinds. If a store connects with the community, evolves with the customer and engages with the industry — then there is all-star material at work.
The following three honorees are a representative sample of the wide range of All Star players across the country. HBSDealer selected one retailer from each state: Here are Michigan, Minnesota and North Carolina:
Zeeland Lumber and Supply
This Zeeland, Mich.-based company earned industry accolades in 2006 as Independent Pro Dealer of the Year. And as evidence of its All-Star approach, the company never stopped growing, changing and adapting. First came a new slogan: “Build. Trust.” Then diversification into six business units, including concept showroom and truss. And expansion has been a steady, continuous story — most recently in Mishawaka, facility number seven. “It’s amazing how much we’ve changed since 2006, and we’re still growing,” CEO Mike Dykstra said.
Carlson Do it Best Hardware
Serving the community of Nisswa, in central Minnesota, Greg and Kari Carlson’s store caters to cabin dwellers and lake lovers. Top sellers at Carlson Do it Best include insect repellent and propane. Customer service is a natural for the Carlsons. “We’re just always here for the people in the cabins and the people who enjoy the lake,” Greg Carlson said. The Carlsons were recently recognized by the local school district as “Volunteers of the Year.”
Burney True Value
Best known as purveyors of hard-to-find items, this landmark institution in Aberdeen has nearly completed a five-year plan to renovate and expand its business, growing from 12,000 to 13,500 sq. ft. in the primary retail area, plus an addition that connects the shop to a nearby 10,000-sq.-ft. building. The store includes refinished floors that resemble marble, and a relocated counter custom-built with reclaimed heart pinewood from an old train depot in Goldsboro. “We wanted to be an old-time traditional hardware store,” co-owner Jim Ransdell said.
More jobs in June
The unemployment rate held steady in the jobs report for June, clocking in at 4.4%. That compares to 4.3% in the previous month, according to data released Friday morning by the Bureau of Labor Statistics. The other big number: 220,000 new jobs (the increase in total nonfarm payroll employment.
The numbers were stronger than analysts had expected.
Employment in construction and the retail trade were flat, according to the report.
The hot areas of growth were health care, social assistance, financial activities and mining. Employment growth has averaged 180,000 per month so far in 2017. That’s in line with the average monthly gain of 187,000 in 2016.
Health cared added 37,000 jobs in the month. Mining employment grew by 8,000, with most of the growth in support activities for mining.
The labor force participation rate, at 62.8 percent, changed little in June and has shown no clear trend over the past year.