Home Depot, Lowe’s under pressure as housing recovery, lumber prices muddy outlook

Industry News

The home improvement market is bracing for a bumpy road. Two of the largest home improvement retailers, Home Depot (HD) and Lowe’s (LOW), warned of softness in the market in recent earnings reports, indicating the year ahead is likely to be a difficult one as inflation weighs on consumers. “In 2023, residential investment will be…

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