Home Depot Says Homeowners Are Weary From Economic Pressures

Sales fell at the home-improvement retailer, as homeowners shied away from big-ticket home improvement projects amid worries about housing costs and the job market.

By Kim Bhasin

Home Depot says homeowners are holding back over concerns about 'housing affordability and job losses'

Continued uncertainty is the number one reason Home Depot customers say they aren't investing in large projects, CEO Ted Decker said. Justin Sullivan/Getty Images Home Depot continues to weather sluggish sales as part of a larger home improvement slump. Customers tell the company they're delaying moves and renovations over financial worries. "Hopefully we're bouncing along the bottom of turnover," CEO Ted Decker said of the housing market. It's hard to commit to financing a new home or reno...