| NRGCA News |
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January Home up Gutter Sales up!
02/23/2010 |
Sales of new homes rose about 5.3 percent to 360,000 annual units after slumping 7.6 percent in December, and sales of existing homes climbed 1 percent to 5.50 million units after a 16.7 percent December plunge, based on Reuters surveys.
No. 2 U.S. home improvement chain Lowe's Companies (LOW.N) reported better-than-expected fourth-quarter results and predicted improved sales this year, saying that the worst of the economic cycle has probably passed. Read more at [ID:nN21173321].
Home Depot, the largest home improvement chain, is set to report its quarterly results on Tuesday and is seen outperforming Lowe's. Sales had been lackluster at both companies with customers delaying major home renovations during the housing and economic downturns.
Also, new homebuilding rose to a six-month high in January, surpassing forecasts and pointing to stabilization.
(Reuters) |
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