Sales of previously occupied U.S. homes slowed in March to the slowest pace in nearly two years as a swift rise in mortgage rates and record-high prices discouraged would-be homebuyers.
FILE - A Home Depot logo sign hands on its facade, Friday, May 14, 2021, in North Miami, Fla. Home Depot's fiscal first-quarter 2022 sales improved even as the chain faced a slower start to spring, and it raised its full-year guidance.
Sales at stores open at least a year, a key indicator of a retailer’s health, climbed 2.2% globally, and 1.7% in the U.S. Home improvement stores have remained busy during the pandemic as people working from home took on new projects and now they're in their traditional busy spring season as home owners head out for flowers, vegetables and other gardening and landscaping goods.
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