Another huge home improvement company files Chapter 11 bankruptcy
The home improvement products provider reached a prearranged restructuring agreement with its secured lenders and mechanics lienholders.
A mix of high home prices, elevated mortgage charges, and low buyer inquire of has slowed the housing market over the last year, contributing to financial disaster within the dwelling enchancment market.
Beforehand occupied home gross sales in 2024 declined to their lowest stage since 1995 with 4.06 million gross sales, which was once 0.7% lower than 2023.
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