{"id":2571,"date":"2026-08-18T16:44:16","date_gmt":"2026-08-18T16:44:16","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=2571"},"modified":"2026-08-18T16:44:16","modified_gmt":"2026-08-18T16:44:16","slug":"home-depot-customers-stick-to-smaller-projects-as-housing-costs-stay-high","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=2571","title":{"rendered":"Home Depot customers stick to smaller projects as housing costs stay high"},"content":{"rendered":"<p><\/p>\n<div><!----> <!----> <\/p>\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\">\n<div class=\"caption\">\n<p>Check out what&#8217;s clicking on FoxBusiness.com.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Home Depot customers are still spending on their homes, with smaller projects supporting demand as Americans contend with elevated mortgage rates and high home prices.<\/p>\n<p>The home improvement retailer said Tuesday that second-quarter sales rose 5.7% from a year ago to $47.9 billion, while comparable sales increased 1.7%. Comparable sales in the U.S. climbed 1.3%. The results came as consumers continued to favor smaller-scale home improvement work over larger projects.<\/p>\n<p>&#8220;Our second quarter results exceeded our expectations. We saw broad-based demand across the business as customers continued to engage in smaller projects,&#8221; Home Depot Chief Financial Officer Richard McPhail said.<\/p>\n<p>Shoppers also spent more per transaction. Home Depot&#8217;s average ticket rose 2.8% from a year earlier to $92.50, while comparable customer transactions declined 1%.<\/p>\n<p><strong>IS MIAMI REALLY COSTLIER THAN NEW YORK CITY? WHY TOP DEVELOPERS SAY THE MATH STILL FAVORS FLORIDA<\/strong><\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2025\/08\/343\/192\/home-depot-customer.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2025\/08\/686\/384\/home-depot-customer.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 768px) and (max-width: 1023px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2025\/08\/672\/378\/home-depot-customer.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2025\/08\/1344\/756\/home-depot-customer.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1024px) and (max-width: 1279px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2025\/08\/931\/523\/home-depot-customer.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2025\/08\/1862\/1046\/home-depot-customer.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1280px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2025\/08\/720\/405\/home-depot-customer.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2025\/08\/1440\/810\/home-depot-customer.jpg?ve=1&amp;tl=1 2x\"><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2025\/08\/931\/523\/home-depot-customer.jpg?ve=1&amp;tl=1\" alt=\"Customers shop at a Home Depot store on August 19, 2025 in Chicago, Illinois.\"\/><\/source><\/source><\/source><\/source><\/picture><\/div>\n<div class=\"caption\">\n<p><span>Customers shop at a Home Depot store on August 19, 2025, in Chicago, Illinois.<\/span><span> (Scott Olson\/Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>The spending pattern comes as the housing market remains constrained by affordability pressures, potentially limiting demand for larger renovations that are more likely to require financing.<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2025\/09\/343\/192\/home-depot-lumber-prices.png?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2025\/09\/686\/384\/home-depot-lumber-prices.png?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 768px) and (max-width: 1023px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2025\/09\/672\/378\/home-depot-lumber-prices.png?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2025\/09\/1344\/756\/home-depot-lumber-prices.png?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1024px) and (max-width: 1279px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2025\/09\/931\/523\/home-depot-lumber-prices.png?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2025\/09\/1862\/1046\/home-depot-lumber-prices.png?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1280px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2025\/09\/720\/405\/home-depot-lumber-prices.png?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2025\/09\/1440\/810\/home-depot-lumber-prices.png?ve=1&amp;tl=1 2x\"><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2025\/09\/931\/523\/home-depot-lumber-prices.png?ve=1&amp;tl=1\" alt=\"A customer shops in the lumber section of a Home Depot store\"\/><\/source><\/source><\/source><\/source><\/picture><\/div>\n<div class=\"caption\">\n<p><span>Home Depot confirmed hundreds of job cuts tied to its Atlanta-based support center.<\/span><span> (Mario Tama\/Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>Existing-home sales fell 1.7% in July from the previous month to a seasonally adjusted annual rate of 4.06 million, according to the National Association of Realtors. Meanwhile, the median existing-home price rose 2% from a year earlier to $434,100.<\/p>\n<p>Borrowing costs also remain elevated. The average rate on a 30-year fixed mortgage was 6.67% as of Aug. 13, according to Freddie Mac, up from 6.58% a year earlier.<\/p>\n<p><strong>MAKER OF ICE CREAM SOLD AT GROCERY STORES NATIONWIDE FILES FOR BANKRUPTCY AS IT APPEALS $23.8M JUDGMENT<\/strong><\/p>\n<p>High borrowing costs and home prices can raise the hurdle for home purchases and larger renovation projects, even as homeowners continue spending on smaller projects around the house.<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/02\/343\/192\/Home-Depot-location.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/02\/686\/384\/Home-Depot-location.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 768px) and (max-width: 1023px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/02\/672\/378\/Home-Depot-location.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/02\/1344\/756\/Home-Depot-location.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1024px) and (max-width: 1279px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/02\/931\/523\/Home-Depot-location.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/02\/1862\/1046\/Home-Depot-location.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1280px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/02\/720\/405\/Home-Depot-location.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/02\/1440\/810\/Home-Depot-location.jpg?ve=1&amp;tl=1 2x\"><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/02\/931\/523\/Home-Depot-location.jpg?ve=1&amp;tl=1\" alt=\"Home Depot logo on building\"\/><\/source><\/source><\/source><\/source><\/picture><\/div>\n<div class=\"caption\">\n<p><span>Home Depot announced it will cut about 800 jobs tied to its Atlanta store support center as part of a corporate restructuring.<\/span><span> (Brandon Bell\/Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>Home Depot reported second-quarter net earnings of $4.8 billion, or $4.79 per diluted share. Adjusted earnings were $4.92 per share.<\/p>\n<p><strong>CLICK HERE TO GET FOX BUSINESS ON THE GO<\/strong><\/p>\n<p>Despite the uneven housing environment, the Atlanta-based retailer reaffirmed its fiscal 2026 outlook. Home Depot continues to expect total sales growth of approximately 2.5% to 4.5% and comparable sales growth ranging from flat to 2% for the year. The sales guidance is consistent with the outlook Home Depot issued earlier in fiscal 2026.<\/p>\n<\/div>\n<p>#Home #Depot #customers #stick #smaller #projects #housing #costs #stay #high<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Check out what&#8217;s clickin&hellip; <\/p>\n","protected":false},"author":1,"featured_media":2572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[447,1342,4233,880,232,637,3544,3172,1898,206],"class_list":["post-2571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-costs","tag-customers","tag-depot","tag-high","tag-home","tag-housing","tag-projects","tag-smaller","tag-stay","tag-stick"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Home Depot customers stick to smaller projects as housing costs stay high - 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