1 Reason to Buy Home Depot Stock During This Historically Weak Housing Market
The Motley Fool says housing turnover is at a record low and Home Depot shares are down about 11% over the past year. It cites management’s view that customers can afford large projects but are waiting for greater certainty.
Why it matters — The company’s assessment of customers’ ability and willingness to take on big projects may inform watchers’ view of demand amid a weak housing market.