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Home Depot tells us about the country’s housing boom



Home Depot has always been a representative of the hot real estate market.

How is this going: The company braved the wind and waves and set off a pandemic construction boom-just to give us a hint that it is not slowing down.

New data point The lighting industry is booming: In December, US housing prices soared at the fastest rate in six years. This is the latest sign of strong demand.

detail: Home Depot said on Tuesday that vinyl flooring, appliances and decorative strips drove sales at the end of last year.

  • Sales of DIY projects continue to maintain an alarming rate.
  • Since the beginning of the pandemic, the purchase of housing supplies by professional builders has jumped the fastest.

To catch up quickly: Demand for housing has skyrocketed, but supply remains tight, causing prices to skyrocket.

  • Builders are racing to keep up with the demand for new houses.
  • During the pandemic, borrowing rates plummeted, enticing locked-in residents to look for larger or different houses.

the other side: As people spend more time at home, they also invest more cash in their homes, which intensifies the enthusiasm for housing improvement.

What are they talking about: “It took us 1

9 years to achieve total sales of 20 billion US dollars,” but sales have jumped more than just In only one year, Home Depot (Home Depot) CEO Craig Menear (Craig Menear) told analysts today.


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