Gifts are often top of mind this time of year — but with Black Friday on the horizon, if you’ve been putting off any work on your home, you can cash in on the sales. True home improvement can be quite pricey, after all. But we’re in
Nov 14 (Reuters) – Home Depot Inc (HD.N) and Lowe’s Cos Inc (LOW.N) are likely to report rising sales in the third quarter as Americans continue to spend on home improvements in contrast to other retailers facing declining discretionary spending due to surging prices.
Wall Street analysts see the largest U.S. home improvement chains benefiting as rising interest rates encourage home owners to renovate existing properties rather than move on, while professional contractors have a backlog of work to clear.
“While the prevailing narrative would suggest otherwise, the sky is not yet falling across housing retail,” Wells Fargo analyst Zachary