Guaranteed Rent Scheme | House Depot income lifted by US housing restoration

Guaranteed Rent Scheme | House Depot income lifted by US housing restoration

Guaranteed Rent Scheme

Residence Depot's second-quarter earnings have jumped 18%, driven by a restoration within the US housing market.

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The largest US house enchancment retailer beat Wall Avenue profit forecasts, incomes $1.8bn (£1.15bn) in the three months to four August.

Revenue for the quarter climbed greater than 9% to $22.52bn, from $20.57bn in the identical interval final year

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Higher US job prospects and low rates of interest have helped to boost residence building and renovation.

On Friday, the US Commerce Department said builders started work on houses and flats at a seasonally adjusted annual price of 896,000 in July.

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That was up 6% from June, though beneath a recent peak of more than one million in March.

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In a trading update in Could, Home Depot mentioned its sales to builders and tradesmen were rising sooner than those to particular person homeowners and different buyers for the first time since 2008.


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The corporate's shares are up 22% this year.

House Depot has greater than 2,250 stores within the US, Canada and Mexico.

We provide many benefits to a landlord in our Guaranteed Rent Scheme call 3Let on 020 8694 8098 to find out why

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Our Rent Guarantee Scheme provides you with between 1 to 5 years worth of guaranteed rental income. What’s more, there’s no catch and no fees involved. Contact Guaranteed Rent Scheme today on 020 8694 8098 to find out more.