Lowe's Stock Soars as Home Renovations Boom
Update: 2025-11-19
Description
Lowes anticipates surge in home renovation projects due to high mortgage rates, leading to a six percent stock increase and positive Wall Street reaction. Homeowners, with substantial equity, are expected to fund renovations using home equity lines of credit, driven by the need for updates and repairs in older homes. Lowes, with double-digit growth in home installation business, is well-positioned to meet this demand and narrow the margin gap with Home Depot.
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