November 13, 2007

Persistent housing slump hits Home Depot (AP)

A customer leaves the Home Depot design center store in Charlotte, N.C., Tuesday, Nov. 13, 2007. The Home Depot Inc. reported a 26.8 percent drop in third-quarter profits Tuesday, Nov. 13, 2007 as the deteriorating housing market put a crimp on home renovations. (AP Photo/Chuck Burton)AP – A persistently bleak housing environment forced The Home Depot Inc. to diminish its financial outlook Tuesday as the nation’s largest home improvement store chain posted a 26.8 percent drop in third-quarter profits.

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