Home Depot's DIY Business Slumps Amid Housing Uncertainty

Home Depot Inc.'s DIY business remains under pressure due to cautious consumers deferring larger home-improvement projects. In Q2 2026, management noted that Pro customers posted positive comps and outperformed DIY shoppers, highlighting the relative softness among DIY buyers.

The weakness largely reflects an unfavorable housing and consumer backdrop, with continued consumer uncertainty and housing affordability pressures weighing on demand for bigger home-improvement projects. Housing turnover remains near historically low levels, with no clear sign of an inflection point despite some improvement when interest rates ease.

However, customers continue to engage in smaller repair and maintenance projects, while 13 of Home Depot's 16 merchandising departments generated positive comps during the quarter. Big-ticket transactions above $1,000 rose 2.4% year over year, although broader discretionary projects stayed pressured.