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Lowe's says it has converted eight regions --covering over half of its stores-- to a more efficient delivery model for big and bulky products; new delivery model sees large products skip stores on their way to customers, freeing up storage space at stores

CIBC: Homebuilder confidence tumbles amid high mortgage rates, but Q3 R&R demand still healthy, supported by strong Pro backlogs; Home Depot reiterates comp sales growth of 3.0% in 2022, and Lowe's indicates moderating home prices yet to impact R&R demand

Motley Fool: Home Depot and Lowe's report impressive Q3 results, as their target customers have remained resilient to date; however, investors should remain cautious about how inflation, uncertain macro environment will impact these companies in Q4, 2023

Zacks: Trend shaping future of building products retail industry include consumers inclined to renovate their homes instead of buying new homes, surge in online business transactions, retailers incurring additional costs and seeing inflationary pressure

Zacks: Lowe's posts solid Q3 results, with both top and bottom line beating Zacks Consensus Estimate, benefiting from higher comps, Pro sales and improved DIY sales trends; company's shares up 5.1% in past three months against industry's 9.6% decline

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