Home Depot, a giant store selling things for homes, had some good and bad news recently. They are not expecting the housing market to get much better soon. High interest rates are making it hard for people to buy homes and do home improvements.
- Home improvement sales were a little better than expected in the last three months.
- Sales of appliances and power tools were strong.
- Home sales are still very slow.
- Home Depot expects sales to only increase by 1% this year.
| Fact | Number |
|---|---|
| Home sales growth prediction for next year | 1% |
| Home sales are at a | 40-year low |
| Home Depot's stock price change after earnings | +4% |
