Breaking Flooring News / TalkFloor News

Home Depot delivers latest upbeat housing signals

November 15, 2012
/ Print / Reprints /
ShareMore
/ Text Size+

Providing a positive signal for the housing market, the world’s largest home-improvement retailer, Home Depot Inc., reported a better-than-expected fiscal-third-quarter profit Tuesday and raised its outlook for the year.

Among its upbeat indicators, the company(US:HD) cited continued improvement in Florida and California, both of which were among the states hardest hit by the housing downturn, as well as increased sales to professional contract customers, another key barometer of housing-market demand.

“We believe the U.S. is still working through the issues associated with the housing crisis,” Chief Executive Frank Blake said during a Tuesday conference call, adding that national numbers also show housing has regained its status as a positive contributor to U.S. economic growth. See the full story at articles.marketwatch.com.

Did you enjoy this article? Click here to subscribe to Floor Trends Magazine

You must login or register in order to post a comment.
Flooring News

Fred Reinhart, Reinhart Carpet Outlet, Philadelphia - Part 1

Fred Reinhart, Reinhart Carpet Outlet, Philadelphia - Part 1
Fred Reinhart, owner of Reinhart Carpet Outlet in the Germantown section of Philadelphia, looks back at the Shaw aligned dealer convention in Orlando, Fla.—talking about the attendance, the new products at the show as well as the networking and educational opportunities.

Posted: January 29, 2015

STAY CONNECTED

Facebook icontwitter iconyoutube iconlinkedin icon