
This Home Depot, it’s a creature of habit, just like the rest of us. When times are good, when folks have a little extra coin jinglin’ in their pockets, they start fixin’ up the place, paintin’, hammerin’, generally pretendin’ to be carpenters. Back in ’20 and ’21, when money was cheap as dirt, they were spendin’ like there was no tomorrow. But those days, bless their fleeting memory, are gone. Now, interest rates are higher than a giraffe’s eyebrow, and folks are thinkin’ twice before startin’ a costly remodel. It’s simple enough, really: when folks ain’t spendin’, Home Depot feels it. They saw a little growth last year, a measly 3.2%, and that was mostly because of the professionals – more on them in a bit. They’re expectin’ a little more growth in the next few years, but it’s a slow crawl, not a gallop. Doesn’t exactly set the heart a-thumpin’, does it?