Lowe’s CEO, Marvin Ellison, predicts a housing market rebound in the US, confident in the company’s position. Even without the rebound, Lowe’s is prepared. Home Depot also anticipates a housing market turnaround. Ellison believes a possible Fed rate cut and mortgage rate drop could stimulate the market. Lowe’s is ready for success, focusing on professional contractors and acquisitions to increase revenue. The pro market now makes up 30% of Lowe’s revenue. Home Depot is also investing in the pro market. Both companies are preparing for a housing market rebound.

Read more at Yahoo Finance: Lowe’s Lays Foundation for Housing Rebound