Home Depot is bullish on the housing market.
We recently highlighted that many economists on Wall Street consider the housing market the bright spot of the economic recovery.
And America's largest home-improvement retailer also expects the sector to improve. In a European Investor Meeting presentation on Monday, Home Depot outlines its outlook for the US housing market, which it expects will improve as residential investment picks up, inventory dwindles, and builders are once again attracted to the market.
And so in 4 quick slides, here is the company's outlook:
First, investment in housing has picked up from the lows reached after the last financial crisis.
But houses are getting more expensive.
Household formation has been slow, especially because more people would rather rent. But that could improve over time.
There's a lot to digest here, but the gist is that Home Depot sees improvement across most corners of the market.
