Posted on October 2, 2020 by iwano@_84
Business is booming for local home improvement companies and contractors as the pandemic leads prospective customers to spend more time at home and spend less money on vacations.
Paul Warren, who lives on Burningtree Mountain in Decatur, hired ESS Concrete and Design of Decatur to create a larger patio and make a walkway from his driveway this summer.
“It was a project we wanted to have done, and it probably would have been done in the fall,” Warren said. “But because of the pandemic, it sped things up.”
Zac Lott, owner of ESS, said his business picked up substantially two or three weeks after the coronavirus shutdown was ordered in mid-March. He said his work is up 25% because of the pandemic.
“Money is good right now,” he said. “People were going to work, but some are now home all day and are spending their stimulus checks. … The number
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Posted on September 28, 2020 by iwano@_84
From the sound of things in some neighborhoods, you might not think the economic downturn has been all that severe in Massachusetts.
© Pat Greenhouse/Globe Staff
President and owner of Golden Builder Construction Tomasa Pujol at a residential job site in Dorchester.
Saw blades are buzzing, nail guns are popping, and drills are spinning as contractors descend on home renovation projects in huge numbers. It’s a striking aberration in an economy where many businesses continue to suffer and unemployment remains high.
The activity is also another indication of how unevenly the economic fallout from the COVID-19 pandemic has been distributed. Some homeowners ― often those whose incomes have not taken a hit ― have reduced costs for commuting, travel and other expenses, giving them more discretionary income. At the same time, interest rates for home equity loans and mortgages are historically low, making it cheap to borrow money.
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