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Home Depot and Lowe’s cite strong demand, but softening could be ahead
A buyer enters a House Depot shop on August 16, 2022 in San Rafael, California. Justin Sullivan | Getty Photographs Paying out on residence improvement isn’t going to appear to have taken a significant hit with the slowdown in the U.S. housing marketplace, but analysts say the power may not past. House Depot and Lowe’s this 7 days cited solid next-quarter gross sales from professionals this sort of as contractors, plumbers and electricians. The stores explained all those consumers have a wholesome backlog of assignments and loads of pent-up demand for house improvement. The businesses are chalking up the ongoing strength coming out of the top of the pandemic to…