Mar 1, 2017 - Economy
Lowe's reaps the rewards of healthy housing market
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The home improvement retailer is bucking the trend of poor retail performance, releasing earnings and revenue Wednesday that was better than analysts were expecting. The stock is up 1.75% in the early hours of trading.
Why it matters: Lowes benefits from selling the type of products that are expensive to buy online, but is also reaping the rewards of a healthy housing market. Rising prices give homeowners access to home equity financing for renovation products, and they also create greater incentive to invest in the value of their homes.
