(Bloomberg) — Home Depot Inc. cut its outlook for the year after first-quarter sales dropped more than expected, a sign that economic uncertainty is leading to a pullback in home-improvement spending. Most Read from Bloomberg The company now expects comparable sales to decline as much as 5% this fiscal year — the first annual fall … Read More “Home Depot Cuts Outlook as Softening Demand Hits Sales” »
New York CNN — Home Depot couldn’t keep its protracted robust sales streak going any longer. The home improvement chain reported a small quarter as consumer spending on home improvement projects – which was buoyed by the stay-at-home pandemic lifestyle – coming to a screeching halt. The retailer posted disappointing sales for its first quarter … Read More “Home Depot hits the brakes: Three-year robust sales run ends amid pull back on home improvements” »
A cool down across Windsor-Essex when it comes to home improvements compared to a busy period during the COVID-19 pandemic. The Municipal Property Assessment Corporation, which tracks property data across the province of Ontario, reports residential home improvement permits decreased by almost 6.8 per cent in 2022 in this area compared to 2021. These permits … Read More “Cool down in home improvements across Windsor-Essex: MPAC” »
New York CNN — Aspiring home owners are finding the housing market to be pretty grim lately. With record-high mortgage rates, expensive insurance, and a limited selection of pricey homes, many are staying put — whether they want to or not. But the bleach outlook could be a boon for Ikea, a budget furniture seller … Read More “With home improvement projects down, it’s Ikea’s moment” »
The home improvement industry is poised to flourish in the long run, with easing inflation and rising demand for smart and energy-efficient remodeling solutions. So, quality home improvement stocks National Presto Industries, Inc. (NPK), Tile Shop Holdings, Inc. (TTSH), and Bassett Furniture Industries, Incorporated (BSET) could be wise additions to your portfolio. Technology and innovation … Read More “3 Quality Home Improvement Stocks to Buy This Summer” »