home depot: Home Depot fell as much as 3.6 per cent to 173.01 U.S. after an initial jump in pre-market trading that followed the release of third-quarter results, according to The Toronto Star. Despite slowing home sales in some parts of the country, company executives said Home Depot hasn't seen a corresponding slowdown in any of its regions. But the retailer's shares dropped amid lower hurricane spending and signs that the U.S. housing market is cooling. They also said it was a tough comparison with last year, when destructive hurricanes in Florida and Texas helped generate about 380 million in extra sales. And the company expects prices to keep rising through next year. Home Depot cares most about home prices increasing because that convinces people to see their properties as an appreciating asset worthy of investment.
(news.financializer.com). As
reported in the news.
Tagged under home depot, home sales topics.