Home Depot Sees Slowdown in Home Improvement Market

Home Depot reports a slowdown in home improvement projects, with fewer homeowners hiring contractors and opting for cheaper materials. This trend, observed across their financially stable customer base, could signal a broader economic trend. The companys fiscal third-quarter results missed estimates due to factors like fewer storms and consumer caution amidst economic uncertainty. Home Depot estimates a potential forty-year low in housing turnover, leading to delayed home repair and remodeling work worth approximately fifty billion dollars.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.