Home Depot Cautious About Renovation Rush Despite Tax Cuts, Talk of Rate Cut

1. Economic uncertainty has delayed homeowner renovations despite new tax policies. 2. High interest rates hinder financing for larger remodeling projects, Home Depot executives stated. 3. Expected interest rate reductions may encourage future home improvement spending. 4. HD reported $45.3 billion in sales, slightly exceeding forecasts with modest growth. 5. Shares rose 3% after HD maintained positive sales outlook for 2025.