Slow Housing Market Hurting Lowes and Home Depot
The combination of high energy prices, slow housing sales, and tight credit has created a problem for the two large home supply companies, Home Depot and Lowe’s. Sales are expected to be lower when they report next week.
Analysts are still predicting the companies to be profitable, but those profits will much lower than last year.
“Extra dollars in the consumer’s pocket allowed them to pursue ‘nesting’ activities, such as planting and small, maintenance-oriented do-it-yourself projects,” said Jefferies & Co. analyst Dan Binder.
Reiterating the theme throughout the retail industry against an uncertain sales environment, both companies are expected to say they are watching their expenses and inventory tightly.
Lowe’s is scheduled to report on Monday while Home Depot, part of the Dow Jones Industrial Average, is expected to report on Tuesday. via MarketWatch
Very funny comparison. However you don't need to pay property tax on Barbies 3 Story Dream House. With the unemployment ...
My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
