Home improvement is still hot amid housing slowdown
Americans are still pretty obsessed with sprucing up their homes, even with prices rising, a cooling housing market and the return of more options for weekend activities.
Driving the news: Home Depot and Lowe’s executives on their respective earnings calls this week said that shoppers continued to spend on building materials, plumbing, paint and high-end mowers and appliances during the second quarter.
- And when asked repeatedly by analysts if they expect a cool down in sales as the housing market has slowed, the consistent response was “no.”
- “While we acknowledge that housing turnover has slowed, home prices and home