Lowe's said it was is targetting a total addressable market of about $50 billion.
The home improvement products chain joins major retailers like Target, Costco, and Best Buy (BBY) in keeping stores closed that Sunday.
Markets had their worst week since 2002 after the Trump administration's tariff plans sparked threats of a trade war and masked a strong jobs report.
The housing market, which has been underperforming lately, has entered a traditionally better spell, the key spring selling season, which is considered the peak time for home sellers. Winter months normally...
The SPDR S&P Homebuilders ETF (XHB) has entered bear market territory, down nearly 24% from its 52-week high as mounting challenges weigh on the sector.
The Los Angeles-based company said it delivered 2,770 homes during the first quarter, a 9% decline compared to a year earlier.
UBS analysts said the price target cut was due to lower gross margin assumptions, as Lennar maintains elevated incentive levels.
Wall Street expects the company to report fiscal first-quarter revenue of $1.51 billion.
Its quarterly revenue of $7.63 billion topped expectations of $7.43 billion, according to FinChat data.
After crossing 7% in mid-January, the 30-year mortgage rate appears to be back on a favorable track, settling at 6.63% as of March 6. This marks the sixth consecutive weekly decline in mortgage rates,...