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Lowe's CEO Calls Housing Market "Most Difficult" Since Crisis
The CEO of Lowe's has stated that the current housing market is the "most difficult" it has been since the financial crisis. This assessment comes as demand for DIY projects reportedly crumbles.
20 May, 17:05 — 20 May, 21:20
The Story
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Source Diversity
Moderate (27/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 2/5 buckets covered8/33
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Yahoo
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zerohedge
Geographic diversity— 1 region4/34
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YahooMostly Factual6h ago
Lowe's CEO says this is the 'most difficult housing market' since the financial crisis
Read full article →zerohedgeLow2h ago
Lowe's CEO Warns Housing Market "Most Difficult" Since Financial Crisis As DIY Project Demand Crumbles
Lowe's CEO Warns Housing Market "Most Difficult" Since Financial Crisis As DIY Project Demand Crumbles Home improvement retailers such as Home Depot and Lowe's warned this week that consumers remain reluctant to splurge on big-ticket home improvement items, as elevated mortgage rates, high home prices, energy inflation, weakening sentiment, and broader macroeconomic uncertainty weigh on demand. Let's begin with Home Depot, which on Wednesday reported mixed first-quarter results....
By Tyler Durden
Read full article →Coverage Timeline
First report: Yahoo · 20 May, 17:05|Full coverage: 2 · 4h|Window: 4h
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