Albritton is trying to pivot to smaller carpentry jobs.
“I am very worried on the heels of the material shortages we have been battling to now look at a very possible recession,” Albritton said. He’s reaching out to other home renovation companies to partner with as one way to keep the work coming. Daniel Edwards, who owns a Handyman Connection franchise in Hanover, Massachusetts, focuses on small jobs that are several thousand dollars, like building decks, swapping out windows and doors and carpentry projects. In the greater Boston area that includes Hanover, home sales in July were down 20%. The median price of a home sold was $650,000, down 2% from June but up 8% from this time last year, according to Re/Max data.
Curbio is a startup that provides pre-sale renovations on homes that it doesn’t charge for until the home is sold. They operate in 52 markets across the country, from Chicago to South Florida. They’ve also started offering smaller projects as the housing market slows.
Of course Small Businesses sales down because of less building because, surprise surprise, the Fed raised the Interest rates, that caused increased mortgage rates pricing many Americans out of buying homes. This inflation is atypical due to pandemic. Fed will cause a recession.
the housing market(s) are RIGGED against YOU !!! Amazon joining Blackrock and other Hedge Funds Buying Up Single Family Homes Making us a Rental Nation Arrived Homes acquires single-family homes to use as rental properties, then sells shares of these properties to investors