Tuesday, November 15, 2016

Home Depot raises outlook as Americans spend on homes

Image result for home depotHome Depot, benefiting from falling unemployment, still-low mortgage rates and rising home prices, raised its outlook for the year on Tuesday as sales surged in the third quarter and customers spent more with each visit.

The home improvement retailer extended its streak of strong earnings while some other retailers have struggled. But Home Depot and its rival Lowe's have stood out, thanks in part to low mortgage rates that have led to a warming housing market and an increase in refinancing.. . . more

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