U.S. housing market downturn closes more stores than opened in 2024, affecting home retailers.

The U.S. housing market's downturn is hurting businesses that depend on home purchases and renovations. In 2024, more stores closed than opened, with home retailers like LL Flooring, Big Lots, and Conn's facing significant challenges. Home sales, despite a November uptick, are expected to reach their lowest since 1995, driven by high mortgage rates and reduced demand for home goods post-pandemic.

3 months ago
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