According to @QCompounding, Home Depot (HD) and Lowe’s (LOW) dominate U.S. home-improvement retail and tend to benefit both when housing markets expand and as the housing stock ages (source: @QCompounding on X, Dec 22, 2025). Company filings confirm they are the two largest U.S. home-improvement chains by sales, serving both professional contractors and DIY consumers, a mix that ties results to housing turnover and repair-remodel demand (source: Home Depot FY2023 Form 10-K; Lowe’s FY2023 Form 10-K). For trading setups, monitor U.S. housing starts and existing home sales for cyclical upside and the Harvard JCHS remodeling indicators for aging-home tailwinds, which historically drive home-improvement spend (source: U.S. Census Bureau; Harvard Joint Center for Housing Studies LIRA). For crypto read-through, risk-on phases in equities have coincided with higher BTC–equity correlation since 2020, making these housing data potential sentiment signals (source: Bank for International Settlements 2022 Bulletin).

According to The Kobeissi Letter, the number of unsold completed single-family homes in the US rose by 31,000 year-over-year in March 2025, reaching 119,000—the highest level since July 2009. Over the past three years, unsold inventory has tripled, and unsold homes now represent approximately 12% of housing starts. This surge in unsold inventory signals growing risks for real estate market liquidity and could trigger price corrections or increased selling pressure on homebuilders' stocks (source: The Kobeissi Letter, April 28, 2025). Traders should monitor housing sector ETFs and related equities for heightened volatility.

According to The Kobeissi Letter, Canada's housing market faces a severe shortage, with a structural deficit of 250,000 residential units per quarter. The decline in housing starts since 2021, coupled with doubled demand, indicates a critical situation for real estate investors and developers.

According to The Kobeissi Letter, Canada faces a severe housing shortage with a structural deficit of 250,000 residential units per quarter. Housing starts have declined since 2021, while demand has doubled, emphasizing a critical market imbalance.