Home Depot CFO cites housing market pressures as visits and demand soften
Placer.ai data show average Home Depot visits fell 0.6% year over year, worse than Lowe’s, as mortgage-rate increases dampen home-shopping activity. CFO Richard McPhail links weaker demand to housing turnover now at a 3-decade low. For fiscal 2026, the company expects comparable sales to stay flat or rise up to 2%.