Aging Housing Stock Fuels Home-Improvement Boom
Lowe’s says same-store sales rose 5% in 4Q 2021, in part because the housing stock is aging and more frustrated buyers are opting for 30-plus year-old homes. NEW YORK – The home improvement boom shows few signs of slowing down. Lowe’s told shareholders Wednesday its same-store sales were up 5% in the fourth quarter. The…
