NewsWPLG Local 10 – Main FeedAugust 18, 2026Miami-Dade
Home Depot reports revenue growth driven by small projects despite housing market slump
Home Depot reported second-quarter revenue of $47.86 billion, exceeding Wall Street expectations as customers shifted focus toward smaller home improvement projects. While overall revenue increased, the company noted a 2.1% decline in larger, credit-dependent projects due to high borrowing costs and stagnant housing activity.
Read the full story at WPLG Local 10 – Main FeedWhy It Matters
Homeowners face higher costs for major renovations due to elevated mortgage and loan interest rates, which continue to suppress the broader housing market and large-scale home improvement spending.
Key Facts
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Who's Mentioned
organizationWall Street“Provided market expectations for revenue and earnings”personBilly Bastek“Previously commented on tariff impacts”organizationNational Association of Realtors“Provided data on existing home sales and prices”personNeil Saunders“Analyzed project trends and financing impacts”personRichard McPhail“Commented on consumer demand for smaller projects”organizationHome Depot“Reported quarterly earnings and launched new delivery service”