Private residential construction spending increased by 0.8% in August, primarily driven by more spending on multifamily construction and home remodeling, according to the National Association of Home Builders (NAHB). Total residential spending was down 2% year over year as the …
Read More »Tag Archives: Industry News
Record Number of Shoppers Expected for Thanksgiving Weekend Sales
A record 186.9 million customers are expected to shop from Thanksgiving Day through Cyber Monday this year, according to a survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. “The holidays are an important part of …
Read More »Lower Mortgage Rates Push Home Sales Up
Existing home sales rose in October to the highest rate in eight months as buyers took advantage of lower mortgage rates, according to the National Association of Realtors (NAR) and an analysis from NAHB’s Eye on Housing. Mortgage rates hovered …
Read More »Hartville Hardware Celebrates Grand Opening of New Middlefield, Ohio, Location
Hartville Hardware recently celebrated the opening of its Middlefield, Ohio, location with a grand opening celebration. The company entered the Middlefield market in 2020 with the acquisition of Centerra Lumber and Supply Company. The grand opening of the new store …
Read More »Lowe’s Reports Modest Net Sales, Comp Sales Growth in Q3 2025
Lowe’s Companies Inc. recently released its financial results for the third quarter of 2025, reporting $20.8 billion in net sales, up from $20.2 billion in Q3 2024, an increase of. Comparable store sales for the quarter increased 0.4%, driven by …
Read More »Builder Confidence Rises Slightly in November Despite Softening Demand
Builder confidence in the market for newly built single-family homes rose one point in November to 38, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). “While lower mortgage rates are a positive development for …
Read More »Home Depot Launches AI-Powered Tool for Pros to Streamline Projects
The Home Depot announced the launch of Blueprint Takeoffs, a new AI-powered tool designed to provide professional renovators, remodelers and builders with faster, more accurate and cost-effective material lists and estimates, also known as takeoffs, for single-family project blueprints. With …
Read More »The Home Depot Marks Increase in Net Sales, Comp Sales for Q3 2025 But Misses Expectations
The Home Depot recently released its Q3 2025 financial results, reporting a $1.1 billion increase in net sales from Q3 2024, reaching $41.4 billion in net sales. Total sales include approximately $900 million from the recent acquisition of GMS Inc. …
Read More »
Hardware Retailing The Industry's Source for Insights and Information



