Home Depot reaffirms guidance amid 'frozen housing market conditions' - CNBC

“Home Depot confirmed its fiscal outlook despite a slowdown in the U.S. housing market, citing steady demand for repair and remodeling projects as homeowners shift focus from large purchases to smaller, incremental improvements. The retailer’s sales grew modestly, driven by DIY consumers who are capitalizing on lower discretionary spending while still maintaining home upkeep. Expert Analysis: The reaffirmed guidance signals confidence that Home Depot’s core repair‑and‑maintenance segment can buffer broader housing weakness, keeping the company resilient through a potentially prolonged market pause. This stability also supports downstream suppliers and contractors, reinforcing modest but steady consumer spending in the U.S. home‑improvement sector.”