How Ace Hardware Is Hammering Its Big-Box Rivals

The pandemic-driven boom in home repair, rehab, and do-it-yourself projects is over, leaving Home Depot and Lowe’s in the dust. Hobbled by high prices and interest rates, US existing home sales have plunged to a level not seen since August 2010, when the country was still digging out from the Great Recession.

Home prices remain out of reach for most and little hope of a turnaround anytime soon.

“The golden age of single-family housing is behind us,” Mark Zandi, chief economist at Moody’s Analytics, recently told Bloomberg, adding, “the

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