An Instant Sale – Falling profits - Home Depot, B&Q, Screwfix, Trade Depot and other DIY Stores and the Housing Market

It comes as no surprise to read that financial institutions and banks may lose 1 trillion dollars because mortgage backed assets have devalued. This year has seen a countrywide downturn in US house prices and mortgage lenders in the UK have repossessed 48% more properties. Homeowners are finding it harder to repay their mortgages due to the economic slowdown.

Although many people like to blame the UK weather forecast for a lack in spending, this is not the whole story as the cost of home improvements have risen by twenty percent in the past two years.

A slow down in the housing market, a lack of home builders, house sales and people spending less money on their homes and home renovations all contribute to the falling profits of Home Depot, B & Q, Screwfix, Trade Depot and other DIY stores.

A report from the BBC news on 21st May explained that Home Depot blamed a loss of profits on the slowdown in the housing market, which had been hit by increasing interest rates, and falling house prices.

Likewise a report on 4th June showed that sales in the UK at the DIY stores Screwfix, Trade Depot and B & Q were down, and profits had fallen as well.

A month later the BBC news reported that Travis Perkins, the builders merchants who acquired Wickes home improvement stores, had found that customers were spending less on new kitchens and other large items.

The same month we saw administrators taking over the DIY flooring retailer, Birmingham based Floors2Go who closed 41 of their 132 stores whilst they seek a new buyer.

As money becomes tighter, home construction and property sales fall, it becomes increasingly harder to ensure a quick house sale. This is why we offer a professional, efficient service to help you sell your home, whatever the problem.

Tags: Home Depot, home construction, property sales, quick house sale, sell your home, home improvement stores, builders merchants, home renovations, housing market, home builders, DIY, Screwfix, B&Q, UK weather forecast, home owners

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An Instant Sale offers a fast sales process and cash for homes so you can sell your house quickly with out the hassles of an estate agent, with sell rent back options.

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