Richard Stein – Realtor®, Douglas Elliman, GREEN, SFR, CBR, eCertified®

Local Agent, Worldwide Marketing – Douglas Elliman Real Estate formerly Prudential Douglas Elliman Real Estate

Home Depot’s Sales Miss Suggests Cooling U.S. Housing Market

By Matthew Townsend

A cashier scans a customers purchases at a Home Depot Inc. store in New York.
Photographer: Mark Kauzlarich/Bloomberg

Home Depot Inc.’s lackluster results last quarter are adding to concerns the U.S. housing market is cooling off.

Revenue and comparable-store sales at the world’s largest home-improvement retailer missed analysts’ estimates, although profit beat expectations for the 16th-straight quarter.

Home Depot’s fortunes are so tightly intertwined with the housing market that they are often viewed as a proxy for the sector. The rationale is…………………………………..

FULL STORY AT Bloomberg

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