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