World Waiting to See If US Joins Iran Attacks Leaves Markets Uneasy
The result is uneasy trading, with the MSCI All-Country World Index of stocks little changed for the week and a gauge of the dollar's strength heading for its best week since February. Crude is 3.5% higher, following last week's 12% surge, although oil dropped on Friday amid speculation any US attacks aren't imminent.
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During the call, Decker said challenges in the U.S. housing market are causing customers to put off these projects, and any improvement in mortgage and housing turnover rates can help reverse this startling noted "a bit of a frozen housing market with 40-plus-year-low turnover rates, and even new starts are struggling a bit. So lower rates would certainly help. We don't have a crystal ball on what that number is. When we talk generally to our customers, each of our sets of consumers and pros, the No. 1 reason for deferring the large project is general economic uncertainty.' The average 30-year mortgage rate remains above 6%, and consumers are avoiding purchasing new homes. Existing-home sales declined 2.7% month-over-month in June, while total housing inventory decreased by 0.6%, according to a recent report from the National Association of Realtors. The report also found that the existing-home sales price increased by 2% year-over-year in June, reaching $435,300, the highest ever. 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Bastick said that despite raising prices, Home Depot is focused on providing value to customers. 'I think it's important to keep in mind as well our customers tend to shop for the entire project, and you think about a small flooring project, tile, the grout, bathtub, and vanity, and a bath project,' said Bastick. 'And so, we're laser-focused on protecting the cost of the entire project. Our goal is to maintain the best value for our customers.'Home Depot raises red flag about customer behavior in stores first appeared on TheStreet on Aug 21, 2025 This story was originally reported by TheStreet on Aug 21, 2025, where it first appeared.
