Existing home sales rose for a fourth straight month in September, and that's likely benefiting ... [+] retailers including Home Depot. The latest tallies from American consumers’ housing purchases suggest those sales bonanzas may not be going away anytime soon. Existing-home sales rose for the fourth straight month in September to a seasonally adjusted annual rate of 6.54 million, up nearly 21% from a year ago, the National Association of Realtors said Thursday. Consumer products giant P&G reported this week that its home-care product sales surged more than 30% in the most recent quarter, led by increased demand for cleaning products. Fast-casual restaurant chain Chipotle said Wednesday that its third-quarter sales from online orders had more than tripled to represent 49% of sales as more consumers work at home and dine-in service remains limited.

Source: Forbes October 22, 2020 23:31 UTC