The Home Depot shrugs off housing slump

The Home Depot shrugs off housing slump

November 13, 2018

The home improvement retailer managed to put even more daylight between itself and rivals in the sector, despite a slowdown in the U.S. housing market. Despite the housing pullback, a strong economy bodes well for The Home Depot.

“From our data, this has stimulated more households into undertaking home improvement projects — either completed by themselves or by professionals that they hire,” Neil Saunders, managing director of GlobalData Retail, said in emailed comments. “Among these consumers, Home Depot is more often than not the destination of choice, with rival Lowe’s coming in a distant second.”

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