Lowe's CEO Warns Housing Market "Most Difficult" Since Financial Crisis As DIY Project Demand Crumbles
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Source: Zero Hedge
Published: 2026-05-21 07:20 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Property, Energy, Economy & Finance, Financial Markets, Property & Housing, Business & Economy
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Snippet:
Home improvement retailers such as Home Depot and Lowe's warned this week that consumers remain reluctant to splurge on big-ticket home improvement items, as elevated mortgage rates, high home prices, energy inflation, weakening sentiment, and broader macroeconomic uncertainty weigh on demand.
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