Investors look to home remodeling retailers Lowe’s Companies Inc. (LOW) and Home Depot Inc. (HD) for information on the state of price inflation and demand in the home building and renovation industries.
“Home Depot reported a — better-than-expected comp of 4.3%, reflecting inflation and solid home improvement demand, supported by elevated home prices, healthy remodeling activity, and solid household formation,” wrote Telsey Advisory Group analyst Joseph Feldman in a note to investors Tuesday.
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