Mikeoxenormous
Diamond Member
So I was told that during the good times, many people were fixing up their houses, so they could get them ready to sell, because people who had money, wanted to get a nicer house. Also I was told that when the economy is not so good, then people would stay in their houses, doing what was necessary to keep the house in working order, thus Home Depot was there for each senario.
https://www.cnn.com/2024/08/13/investing/home-depot-earnings-housing/index.html
https://www.cnn.com/2024/08/13/investing/home-depot-earnings-housing/index.html
Imagine that, Joe Biden's/Kamala Harris' economy is so bad for the middle class and poor, that they put food on their tables and let their houses crumble around them. A vote for Kamala Harris will continue this decay, and you can bet the Detroitification of the United States will be the ruin of this once great nation.The home improvement giant, a bellwether of consumer spending and the housing market, lowered its sales expectations for the year. It said customers were spending less on home improvement projects, pressured by higher interest rates and concerns that the economy is getting worse.
Home Depot’s business is closely tied to the housing market, and high interest rates are putting a brake on housing turnover and consumers financing larger projects.