Housing Market Pressure, Stanley Sells Gas Business

Housing market pressure depends on policymakers, and Stanley Black & Decker is selling its oil and gas business. Find out more in today’s home improvement News Fix.

Real Estate News

The pressure of the housing market might be waning, according to a report from Harvard’s Joint Center for Housing Studies.

The State of the Nation’s Housing 2022 also states that housing demand will be “directly related to the ability of fiscal policymakers to successfully cool inflation without causing a recession.”

Tool News

Stanley Black & Decker is selling its oil and gas business to Pipeline Technique Limited. In fact, the tool company earned $140 million in 2021 from its pipeline services and equipment business. The company also has welded the world’s largest man-made movable object: a 5 km pipeline. 

According to the company’s president and CFO, “The sale of our oil and gas business builds on our strategic commitment to streamlining our company to focus on our core Tools & Outdoor and Industrial businesses.”

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What do you think about the state of the housing market? Specifically, how have the changes affected you? Do you also have any thoughts about what the market may do in the coming months?