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Americans are doing less DIY. It's another worrying sign for the economy

DIY customers are waiting "on the sidelines" for markets to improve, Lowe's CEO said.

Large projects represent about three-quarters of DIY sales for Lowe's, Ellison said, "so any pullback in these big-ticket discretionary categories is really more of a disproportionate impact to us." But as more companies report shaky earnings, it's becoming clear that the clock is ticking for policymakers to loosen things up a bit and not allow pent-up demand to go dormant. Lowe's CEO Marvin Ellison said on Tuesday that the home-improvement retailer's DIY customers were "on the sidelines waiting for some form of an inflection to take place."

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