The Booming U.S. Housing Market - What does it Mean for other Businesses?
Sales at Georgia-based Home Depot continued to climb through the third quarter along with a booming U.S. housing market this year.
According to a survey by Zack’s Investment Research, revenue rose almost 10% and the average receipt rose almost 13% as people prepped their homes for the winter season and prices rose due to snarled supply chains.
Hardware stores have been a hub of activity this year as people working from home took on new projects and many moved into new homes.
Sales of previously occupied U.S. homes bounced back in September to their strongest pace since January and The National Association of Realtors said that existing homes sales rose 7% last month compared to August.