Real Estate

Home Depot and Lowe’s are booming in a housing market bust

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A home improvement contractor works on a house in Cambridge, Massachusetts.

Suzanne Kreiter | The Boston Globe | Getty Images

As the U.S. housing market falls hard from its pandemic-driven highs, home improvement retailers like Home Depot and Lowe’s don’t seem to be feeling the same pain. In fact, they’re faring better than expected.

While homebuilding and home remodeling are integrally connected, the market forces behind each can be different, and that’s what’s happening now.

Home Depot and Lowe’s reported strong quarterly earnings Tuesday and Wednesday, respectively. Lowe’s stock rose 3% Wednesday. Executives at both companies spoke bullishly about the prospects for their business in 2023….



Source cnbc.com

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Lowe’s (LOW) earnings 3Q 2022

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