Rise in Residential Investment May Help Home Depot-Lowe’s

Spending on construction of new residential housing and improvements to existing homes is at a three-year high, a trend that may boost sales at Home Depot Inc. (HD) and Lowe’s Cos. (LOW)

Private-residential fixed investment, which includes major replacements such as new roofs and improvements like finishing a basement, rose 9.1 percent from a year earlier to an annualized $360.7 billion for the three months ended March 31. This marks the fourth consecutive quarter of nominal increases and was the fastest pace of yearly growth since 2006, Bureau of Economic Analysis data show.

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Mark Archer

Since 2006, it’s been my pleasure to people realize their dreams in their homes and their communities. Whether its purchasing their dream home, moving up to a larger home, or investing in real estate my team can help.
I’ve assisted homeowners, including San Diego veterans and active and reserve military in San Diego since 2006. I am a frequent contributor to my community newsletter and sit as a Board member of our local Business Association.
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