Following Home Depot’s announcement that its third-quarter earnings were down year over year, competitor Lowe’s saw its stock up nearly 6%.

Why? Perhaps it has something to do with the home improvement chain’s optimistic outlook for the industry in the coming year.

CEO Marvin Ellison told Yahoo Finance that due to Americans having “ significant equity ” and feeling sidelined from buying a new home due to rates, renovations will be on the rise next year.

Will home renovations rise in 2025?

In the last year, tariffs on essential raw materials for renovations and homebuilding like timber slowed the industry considerably.

However, as Ellison pointed out, homeowners and renters are also feeling stuck and unable to move into a new home .

In October 2025 , active

See Full Page