Home-improvement sales are headed for a 6.4% drop in 2009 - the biggest in 32 years. Home...

Home-improvement sales are headed for a 6.4% drop in 2009 - the biggest in 32 years. Home Improvement Research Institute, whose members include Home Depot (HD), Lowe's (LOW) and Black & Decker (BDK), calls the federal stimulus package "too small and too slow."
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Comments (2)
  • HiSpeed
    , contributor
    Comments (1317) | Send Message
    The "federal stimulus package" is not stimulus, it's social engineering.


    They'll be back with another "stimulus" package before eoy.


    Perhaps the next one will have genuine stimulus.
    9 Mar 2009, 02:34 PM Reply Like
  • Walt17
    , contributor
    Comments (415) | Send Message
    With the housing market the way it is, the incentive for owners to make home improvements is greatly diminished.


    A lot of improvements are made in preparation to sell a home. An owner who either can't sell, or is facing the prospect of selling at a greatly reduced price, is less likely to improve their home. Owners who are facing foreclosure are likewise not going to improve their home.


    HD, LOW, and other such companies will not see a business rebound until the housing market rebounds. On the plus side, the rebound might be significant when it does come. People who want to sell, but can't sell now, will want their homes to be the best of what's available. Which means improvements.
    9 Mar 2009, 03:07 PM Reply Like
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