Yahoo Finance

What Home Depot earnings say about the housing market

Home Depot (HD) reported a rise in same-store sales for the first time in eight quarters. Roofing, drywall, and lumber sales were notably up, and sales in hurricane-hit areas also increased. Yahoo Finance Senior Reporter Dani Romero joins Wealth host Brad Smith to discuss Home Depot's earnings and explain how these results reflect the current housing market, noting that high costs of home ownership have contributed to the existing home sales slump. Executives do not expect significant housing recovery in the near future. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Josh Lynch