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Weak Housing Market Dampens Enthusiasm for Home Remodeling - The MortgagePoint
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Weak Housing Market Dampens Enthusiasm for Home Remodeling - The MortgagePoint
Housing market and economic weakness are starting to affect the home remodeling market as well. Home Depot recently reported earnings that were below what the market and the company had anticipated. “When we set guidance, we had anticipated that demand would begin to accelerate gradually in the back half of the year as interest rates and mortgage rates eased,” Chief Financial Officer Richard McPhail said in a CNBC interview. “But what we saw w…
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