coronavirus

Some homeowners struggled to pay PACE improvement loans. The coronavirus made it harder

It wasn’t until the work was done that Marcelino and Josefina Rodriguez said they learned the truth.

They had been signed up for a roughly $45,000 PACE home improvement loan at nearly 10% interest — even though they said a woman working with the contractor told them their new roof and water heater would be free through a government program.

The Rodriguezes contacted the authorities, but the nearly $4,500 annual bill came due anyway — a financial hit for the household of four who scraped by on less than $30,000 each year as garment workers paid by the piece.

If they didn’t pay, Marcelino, 67, and Josefina, 64, could lose the Pacoima home they’ve owned since 2001, one that provided them and their sons stability after years of bouncing from rental to rental. So to get by, they started selling food and one of their sons said he exhausted his

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Coronavirus Feeds Home Improvement Trend, Stocks to Count on

The COVID-19-induced shelter-at-home orders fuelled the need for home improvement by housebound Americans, thereby driving demand for the said industry.

The home improvement space includes Décor and indoor garden, Painting and wallpaper, Tools and hardware, Building materials, Lighting et al.  Apart from essentials, retailers in this industry are witnessing solid demand for gardening and other in-house activity-related products.

Although states are reopening and people are reporting back to work, the emergence of new cases triggers the fear of a second wave, only to remind us that the deadly virus is not going to subside anytime soon. Rather, the pandemic threat keep people confined to their homes, spurring the obvious requirement for home improvement products.

One of the leading industry players, management at Lowes disclosed that it saw very strong COVID-related demand for cleaning products along with other necessary home appliances, such as refrigerators, freezers and DIY home repair products. As

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Mixed Outlook for Retail Building Products Amid Coronavirus

The Building Products – Retail industry comprises U.S. home improvement retailers, manufactures of industrial and construction materials and distributors of wallboard and ceilings systems. Some of the industry participants also offer products and services for home decoration, repair and remodeling, and in-home delivery and installation services.

The industry players provide a wide array of products, ranging from cement or concrete foundation materials to roofing boards and shingles. The companies also sell lumber, insulation materials, drywall, plumbing fixtures, hard-surface flooring, lawn and garden, and decor products. Some players also deal in threaded fastener products, and manufactured and natural stone tiles. The industry players cater to professional homebuilders, sub-contractors, remodelers and consumers.

Let’s take a look at the industry’s three major themes:

  • The industry’s prospects remain closely tied to U.S. housing market conditions, and repair and remodeling (R&R) activity. The bleak near-term prospects of the housing market amid coronavirus-induced high unemployment and
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73-year-old woman survives coronavirus after 51 days in intensive care

LOUISVILLE, Ky. — Jim Eaton held his wife’s hand Saturday afternoon for the first time in 51 days — the longest period the Louisville couple has been separated in more than five decades of marriage. 

When Paula Eaton was wheeled on a gurney out of Baptist Hospital East, more than a dozen nurses created a tunnel to clap and cheer for her as the Beatles’ “Here Comes the Sun” played in the background. 

Paula holds the record for the hospital’s longest amount of time a COVID-19 patient has spent in the Intensive Care Unit before being discharged.

When she was admitted to Baptist East Hospital on March 27, there were only 11 confirmed cases of COVID-19 in Kentucky. She was within the first 20 reported cases of the coronavirus in the state. 

After 51 days, several rounds of pneumonia, a blood infection, and weeks on a ventilator and tracheal

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