WSM

Williams-Sonoma, Inc.

Date

Thu · Nov 12

Home sales sink to a 16-year low, so Williams-Sonoma and Lowe's may lose spending from new movers

US existing-home sales fell in October to their lowest level since 2010, as mortgage rates near 7% kept buyers away. Fewer purchases mean fewer people moving and furnishing a new place. That may weigh on Williams-Sonoma's furniture sales and project spending at Lowe's, though both were still growing and how much depends on movers is not yet known.

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