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HALO News Business Home Depot customers stick to smaller pr...
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Home Depot customers stick to smaller projects as housing costs stay high

Home Depot customers stick to smaller projects as housing costs stay high

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.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."Our second quarter results exceeded our expectations. We saw broad-based demand across the business as customers continued to engag...

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