Pulte Capital CEO Bill Pulte weighs in on rising mortgage rates and says that until supply increases, high housing prices will be seen.
Home Depot expects a smaller decline in annual store sales following better-than-expected performance over the past three months, which was partly driven by hurricane recovery efforts.
“As weather normalized, we saw better engagement across seasonal goods and certain outdoor projects as well as incremental sales related to hurricane demand,” CEO Ted Decker said in the company’s earnings release Tuesday.
Decker told analysts Tuesday that the company’s third-quarter performance exceeded expectations despite “macroeconomic uncertainty.”
HOME DEPOT CO-FOUNDER, GOP DONOR BERNIE MARCUS DEAD AT 95
Shares of the company rose during trading Tuesday following the better-than-expected results.
Joe Feldman, Telsey Advisory Group senior managing…
