Show an ad over header. AMP

I am the FIRST!!!

What Home Depot tells us about the country's housing boom

Home Depot has been a proxy for the white-hot housing market.

What's going on: The company rode the coattails of the pandemic building boom — and just gave us a hint that it hasn't slowed down.


A fresh data point illuminates the boom: U.S. home prices soared in December at the fastest pace in six years — the latest sign of strong demand.

Details: Home Depot said Tuesday vinyl flooring, appliances and moldings drove sales at the end of last year.

  • Sales for DIY projects continued at a breakneck pace.
  • Professional builders' purchases of housing supplies jumped the most since the pandemic began.

Catch up quick: Home demand has soared, but supply is still tight — sending prices soaring.

  • Builders are racing to keep up with the demand for new homes.
  • Borrowing rates plummeted when the pandemic hit, enticing locked-down residents to seek out bigger or different homes.

The other side: As people spent more time in their homes, they put extra cash in them too, fueling a home-improvement frenzy.

What they're saying: "It took us 19 years ... to get the first $20 billion in total sales," but sales jumped by more than that in one year alone, Home Depot CEO Craig Menear told analysts today.

regular 4 post ff

infinite scroll 4 pff

Activision Blizzard employees say HR department failed them

Following a lawsuit filed by California against Activision Blizzard, allegations of harassment, misconduct, and assault continue to emerge from people who point to the company's HR department as being part of the larger problem.

Why it matters: Sources say the company's culture favors a clan mentality and functioned under a broken HR department that undermined and discounted victims' experiences, and did not protect their identities.

Keep reading... Show less

Insights

mail-copy

Get Goodhumans in your inbox

Most Read

More Stories
]> &lol4;