Slowing Home Sales Show U.s. Market Lacks Momentum – Yahoo Finance

Limited progress in the housing market is a risk for the economy, according to Federal Reserve Vice Chairman Stanley Fischer . The real-estate market “continues to weigh on the recovery,” he said at a conference earlier this month. An increase in supply of available homes is limiting price appreciation, which could spur more buyer interest. Today’s data showed the supply of homes at the current sales rate rose to 6 months, the highest since October 2011, from 5.6 months in June. There were 205,000 new houses on the market at the end of July, the most in almost four years.

4 DIY Home Projects That Will Save You Money – Yahoo News

There are going to be times when you need to call in a professional to either remodel or fix something in your home that needs attention. But in many cases, it is quite possible to save hundreds, if not thousands, of dollars by trying a do-it-yourself approach. With the majority of Americans spending upward of $4,000 per year on home improvements, according to a survey last year by American Express, it pays to take a look at some DIY solutions that can keep more money in your pocket as opposed to paying a professional.


Home Improvement Chain Lowe’s Cos Cuts Sales Forecast – Yahoo News

1, from $941 million, or 88 cents per share, a year earlier. Revenue rose to $16.59 billion from $15.71 billion. Analysts on an average had expected earnings of $1.02 per share on revenue of $16.55 billion, according to Thomson Reuters I/B/E/S.–sector.html


Energy-saving Home Improvement Ideas To Lighten Your Environmental Footprint – Yahoo Finance

Home Depot Hits All-Time High as Appliances Drive Sales – Bloomberg

Or call in the pros. Insulating concrete forms (ICFs): This increasingly popular construction system is made by pouring concrete into permanent forms made with expanded polystyrene plastic foam to create foundations and walls. The insulated forms build strong foundations and walls and deliver excellent energy efficiency, with insulation on the inside and outside of the walls. ICFs also offer improved fire resistance, wind resistance, and seismic strength. Window wells: Getting natural light into a basement can be a challenge.

Home Depot Rises As Growth In EPS, Revenue Speed Up – Yahoo Finance

July, at the tail end of Q2, enjoyed the biggest comp gain of the quarter with a 7.3% increase. Since delayed sales from bad Q1 weather would typically be expected to occur during the first two months of the quarter, July’s strength indicates the effectiveness of management’s execution with productivity per square foot, Piper Jaffray analyst Peter Keith told IBD. For example, Home Depot shifted space away from its patio department to make room for online customized orders. Roughly a third of online transactions culminate in a store, split across consumer and professional customers, Home Depot CEO Francis Blake said.

Analysts expected a gain of 4.4 percent, according to Consensus Metrix. Revenue by that measure advanced 6.8 percent in July and is trending well so far this month, giving the company confidence to reiterate its annual sales guidance for a gain of 4.8 percent, Tome said. Homeowners also are buying more appliances, a category Home Depot has been expanding. U.S. shipments of major home appliances rose 7.1 percent in July, according to the Association of Home Appliance Manufacturers.


Home Depot Says Us Retail Head Craig Menear Will Become Ceo; Frank Blake Will Remain Chairman | Star Tribune

retail unit in February and the company said the move was part of a planned succession. Menear has worked for Home Depot since 1997, and the company said he helped revamp its merchandising operations, strategy, and supply chain as well as bolstering sales growth for Home Depot’s website. He has also worked for Ikea, Builders Emporium, and Montgomery Ward. “This has been well-telegraphed.


Top 500 U.s. E-retailers – Home Depot Drives $1 Billion In Online Sales In Q2 – Internet Retailer

Home improvement chain Lowe’s Cos cuts sales forecast – Yahoo News

This amounts to approximately $1.00 billion in e-commerce revenue for the period, up from around $0.72 billion. Net sales were $23.81 billion, up 5.7% from $22.52 billion. Net earnings increased 14.2% to $2.050 billion from $1.795 billion.

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REUTERS/Rick (Reuters) – Lowe’s Cos Inc , the world’s No. 2 home improvement products retailer, reduced its sales forecast for the full year, sending its shares down 4 percent in premarket trading. The company reported better-than-expected second-quarter revenue as it recovered most of the outdoor product sales it had missed in the first quarter when a severe North American winter hurt results of Lowe’s and larger rival Home Depot Inc . Lowe’s said it cut its sales growth forecast to about 4.5 percent from about 5 percent to take into account its year-to-date sales.–sector.html


Home Depot Builds Nice Net Income In Q2 –

Spring is the biggest season for home-improvement retailers, as homeowners and others work on their yards and gardens. While the season started off a bit cold and rainy, weather improved and shoppers headed out to stores to pick up supplies. In particular, purchases over $900 like appliances and water heaters, which account for 20 percent of total U.S. sales, rose 8 percent. “These results support the view of a continued recovery in the U.S.


Home Depot Says Menear Will Become Ceo Nov. 1 | – Business

Growing pains

Menear has worked for Home Depot since 1997, and the company said he helped revamp its merchandising operations, strategy and supply chain as well as bolstering sales growth for Home Depots website. He also has worked for Ikea, Builders Emporium, and Montgomery Ward. This has been well-telegraphed. Craig was being groomed for the position, said Brian Sozzi, CEO and chief equities strategist at Belus Capital Advisors. They have a lot of confidence in the holiday season and they want to give him the experience of being the top dog. Home Depot Inc.