Home Depot Sees Sales Bump Amid Slumping Housing Market

Home Depot's sales improved during its fiscal second quarter as customers spent more on smaller projects during the summer months. Despite the uptick, the company's outlook for the housing market remains unchanged.

The U.S. housing sector is still experiencing a slump, which has been a major concern for Home Depot and other retailers in the industry. However, customers have shifted their focus to smaller projects, such as DIY home improvements, which has helped drive sales at Home Depot.

According to AP Business Writer Michelle Chapman, who reported on the company's quarterly earnings, the improved sales are 'a sign that consumers are still spending, but in different ways.'