What Soft Home Depot Sales Mean

Can we predict a housing slowdown?

The Home Depot’s stock shares fell 3% last week after the company missed its earnings forecast. Therefore, they say a slowdown in sales is coming.

Experts say that Home Depot’s performance can be related to the cooling market and slowdown in new home construction.

Additionally, residential construction fell to a two-year low in December 2018

Home Depot expects sales to grow by 5 percent this year, marking the retailer’s lowest gains since 2012.

The retailer’s stock prices had risen by 50% over the past three years as the housing market surged.

Show Prep Source: https://www.nbcnews.com/business/economy/people-are-buying-less-home-depot-another-sign-housing-market-n976351

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