A shopper inside a Home Depot store in Roseville, California, US, on Monday, Feb. 24, 2025. David Paul Morris/Bloomberg/Getty Images New York —

The housing market is frozen, and consumers are nervous about the economy. That’s a bad recipe for Home Depot.

The bellwether for US consumers and the housing market said Tuesday that its sales at US stores open for at least one year rose only 0.2% last quarter. It also cut its profit forecast for the year.

Home Depot attributed the slowdown to consumers cutting back on remodeling projects and big home upgrades. Mortgage rates have been stuck between 6% and 7% in recent years, leading fewer people to buy and sell their homes.

“We believe that consumer uncertainty and continued pressure in housing are disproportionately impacting home i

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