Lowe’s revenue jumps on hot housing market and warmer winter


By Poroma Pant Lowe’s Cos. Inc. fourth quarter operating earnings showed a solid increase, as the retailer of home-improvement and building products profited from the recovering housing market and favorable weather conditions. For the quarter ending Jan 29, the North Carolina company reported net earnings of $11 million, or a penny per diluted share, down […]

U.S. home-builder confidence buckles under pressure of high labor costs

By Siri Bulusu Confidence among U.S. home-builders reached a nine-month low in February, said a U.S. trade group Tuesday, after a series of lukewarm index figures fell shy of expectations in recent months. The report stated the Housing Market Index, compiled by the National Association of Home Builders and Wells Fargo, dropped 3 points to 58 […]