Although they are rising, mortgage rates remain below 3%. But a rise in house prices threatens to make buying a home unreachable for many Americans. The 30-year fixed-rate mortgage averaged 2.99% for the week ending August 20, and increased three basis points the week before, Freddie Mac FMCC, -0.67% reported …
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Home-building retailers Home Depot and Lowe’s had a phenomenal quarter, but investors are not in the mood to enjoy the profits. Home Depot sales grew by 23.4% in the quarter ended August 2. From last year, while Lowe’s revenue jumped 30% in the quarter ending July 31. Both companies have …
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Home Depot Inc. published Tuesday its strongest quarterly sales in nearly 20 years, as the largest home improvement retailer benefited from the growing interest in household projects during the Covid-19 pandemic. Revenue for the Atlanta-based retailer rose 23% to $ 38.05 billion in the May-July period, up from $ 30.84 …
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The numbers: Activities at home build an important turnaround from the decay of the coronavirus. U.S. homebuilders began building homes at an annual adjusted annual rate of $ 1,496 million in July, up 22.6% from the previous month and 23.4% from a year ago, the U.S. Census Bureau reported Tuesday. …
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Text size Brick-and-mortar retailers make up the bulk of revenue reports this week. Walmart, Home Depot, and Kohl released their second-quarter results on Tuesday, followed by Lowe’s, Doel, TJX, and L Markets on Wednesday. Ross Stores reports Thursday. Non-retail names releasing results this week include Nvidia and analog devices on …
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