RE: Strengthening Housing Market Perhaps17 Sep 2024 16:01
I won’t attempt comparison. Kingfisher reported today.
General comment.
ported today - 2 parts
Kingfisher Regulatory News. Live KGF RNS. Regulatory News Articles for Kingfisher Plc Ord 15 5/7p
“In the UK & Ireland, our outlook for the home improvement market in 2024 was a low-single digit % decline to flat YoY. So far this year, we have observed a relatively resilient consumer, with repairs, maintenance and existing home renovation continuing to be supportive. While we are starting to see encouraging housing market indicators, we remain mindful of a nine to 12-month lag, on average, between housing demand and the realisation of home improvement spend. Overall, we believe the UK & Ireland home improvement market in 2024 is currently tracking within the higher end of our scenarios.”