Nearly two-thirds of homeowners see home improvement projects as an alternative to buying a new home, according to craftsman® home field advantage survey

More than half of americans are unwilling to put their homes on the market, fearful of giving up low-rate mortgages and being forced to take out loans that are much more expensive; however, 2 in 3 homeowners say they plan to make home improvements in the next six months to a year more than 2 in 5 homeowners, particularly millennials, admit they have given up on a project altogether due to a lack of necessary tools craftsman is currently offering holiday deals online and at participating stores for homeowners looking to save on tools for their next project in addition, craftsman is helping to provide access to tools and education to homeowners by donating up to $100,000 in products to maker spaces across the u.s.; maker spaces will hold workshops on basic to advance home project skills such as carpentry, woodworking and general home maintenance towson, md. , dec. 5, 2023 /prnewswire/ -- a new survey released today from stanley black & decker's (nyse: swk) iconic craftsman® brand examined the impact that higher lending rates have on u.s. homeowners and their home improvement decisions, and found nearly two-thirds of homeowners (65%) see home improvement projects as an alternative to buying a new home, given high interest rates in the housing sector.
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