Replacement demand is the largest component of Whirlpool's sales, so an aging base of appliances in the U.S. should lead to further revenue growth as products
purchased during the housing boom reach the end of their useful lives.
Not exact matches
Just as baby
boomers took over business, politics, and the consumer economy
during the 1980s and»90s, millennials currently in their mid-20s will make up the majority of jobs and big - ticket
purchases such as
houses and cars, Slok wrote in a recent brief, which was first reported by Axios.
A second reason is,
during the
housing boom, Americans used their home as an ATM, using home equity to
purchase cars and furniture.
During the
housing boom, this difference rose to an average of 550.0 points as conventional mortgage applications for
purchase became easier to obtain.
In markets that were hot
during the
housing boom, buyers are moving forward on their
purchasing plans and not letting negative media coverage about market slowdowns dictate their decisions.