Home Depot Beats Estimates in a “Frozen” Housing Market

Home Depot reported revenue growth to $47.86 billion, with U.S. comparable sales increasing by 1.3%. The company beat financial estimates despite a subdued and frozen housing market. While steady demand for home DIY projects and essential repairs drove these gains, high borrowing costs led to a decline in big-ticket renovations. The company is currently benefiting from America's housing affordability problem, as homeowners prioritize smaller maintenance tasks over major upgrades during this period of economic pressure.