Скачать с ютуб Renovation market is where people are going to spend money: NKBA CEO в хорошем качестве

Renovation market is where people are going to spend money: NKBA CEO

Retailers Lowe's (LOW) and Home Depot (HD) acknowledged challenges in the home renovation market while reporting earnings. National Kitchen & Bath Association (NKBA) CEO Bill Darcy joins Wealth with Brad Smith to take a closer look at the renovation market. "I think what you're hearing from the big box retailers is the macroeconomics," Darcy says, explaining, "What we're expecting this year is about 0.8% growth [and] that's really because DIY [do it yourself] and multifamily DIY mostly is bringing the market down a little bit." The CEO notes that with ongoing affordability challenges for homebuyers and expectations of a more hawkish Federal Reserve, "consumers feel more and more comfortable with 5% [mortgage rates] and really their desire to really stay in their homes, this really does drive remodeling." "We feel for the construction side [and the] new home side, but we really feel that even higher interest rates sometimes is the driver for further remodeling," Darcy adds. To watch more expert insights and analysis on the latest market action, check out more Wealth here: https://finance.yahoo.com/videos/seri... #youtube #stocks #news About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. Get the latest news and data at finance.yahoo.com Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) Follow Yahoo Finance on social: X:   / yahoofinance   Instagram: https://www.instagram.com/yahoofinanc... TikTok: https://www.tiktok.com/@yahoofinance?... Facebook:   / yahoofinance   LinkedIn:   / yahoo-finance