1147 ET - A stagnant housing market has weighed on sales for home improvement retailers, but Lowe's Chief Executive Marvin Ellison says homeowners staying put could eventually work as a catalyst for sales. "This cycle is different from past housing slowdowns in a few important ways. First, homeowners today have record levels of equity-roughly $400,000 on average-and at the same time, they're more likely to invest in the home they already own," Ellison says. People wanting to keep their low mortgage rates could decide to remodel rather than move. Once interest rates fall, they could tap their huge levels of equity to help them do it, Ellison says. (nicholas.miller@wsj.com)

(END) Dow Jones Newswires

November 19, 2025 11:48 ET (16:48 GMT)

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