Home Depot leaves annual forecasts unchanged as U.S. housing market slows

on Tuesday left its annual forecasts unchanged even as quarterly results topped Wall Street expectations, raising concerns about demand heading into the holiday season amid a slowing housing market.

Mortgage rates have more than doubled since the start of 2022, cooling the housing market that boomed in the pandemic. Although demand from contractors, builders and other professional customers remained strong, DIY customers who had splurged on paint, tools and gardening equipment last year cut back on spending in the third quarter of this year.

Home Depot, like other retailers, has had to raise prices across the board to shield its margins from commodity inflation and higher costs of freight and labor.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Humber River ravine home bucks stalled market to sell for $100,000 over asking after quick negotiationThe successful bidder paid $1.277-million for the Warren Park home, after the first two visitors submitted bids Let the market crash already.
Fonte: globeandmail - 🏆 5. / 92 Consulte Mais informação »