Home Depot reported lower fourth-quarter profit as economic uncertainty, high interest rates and a stagnant housing market continue to weigh on home improvement activity. - jeenah moon/ReutersHome Depot reported lower fiscal fourth-quarter profit as economic uncertainty, high interest rates and a stagnant housing market continue to weigh on home-improvement activity. “We continue to see pressure from consumer uncertainty and frozen housing conditions, said Chief Financial Officer Richard McPhail in an interview. High interest rates have also particularly curtailed discretionary upgrades that homeowners typically fund with financing, while a stagnant housing market has limited the home-improvement projects that come with housing turnover. McPhail said the home-improvement market has strong long-term fundamentals given the country’s aging stock of homes and high home-equity values.

Source: Wall Street Journal February 24, 2026 13:19 UTC