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Stock impact report

UPDATE 4-Home Depot signals U.S. housing demand slowing [Reuters]

Home Depot, Inc. (The) (HD) 
Last home depot, inc. (the) earnings: 2/25 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.homedepot.com
Company Research Source: Reuters
Home Depot signals U.S. housing demand slowing | Reuters 3 Min Read (Reuters) - Home Depot Inc ( HD.N ), the biggest U.S. home improvement chain, suggested on Tuesday that the pace of U.S. home sales was slowing, and said impending trade tariffs could force it to raise prices on some products. The warning from the country’s top seller of power tools, flooring and lawnmowers overshadowed its stronger-than-expected third-quarter results and a higher annual sales forecast. The company’s shares fell nearly 4 percent on Tuesday morning, but recovered most of their losses to trade marginally down later in the session. After years of a steady recovery from the U.S. housing market meltdown in 2008, there are signs that housing demand is slowing as mortgage rates climb higher, hurting purchasing power. Many large homebuilders including D.R. Horton ( DHI.N ) and Lennar ( LEN.N ) have already warned of slowing home sales, as the companies also face supply constraints. “(The housing market) Show less Read more
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