Home 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