Consumer Behavior

Home Depot: Customers not spending on big projects

Generated by AI/Adobe Stock

March 3, 2026

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Consumers are not investing in big home improvement projects and are tempering spending, according to Home Depot leaders.

Sales at stores were nearly flat in the home improvement retailer's latest quarter with net income dropping about 13% though the figure beat industry watcher's expectations, according to a New York Times report.

The consumer and sales data was shared during a conference call with analysts.

"Our customers are telling us that they're not investing, certainly in large projects," Ted Decker, Home Depot CEO, said on the call. "And that has everything to do with consumer confidence and sentiment."

The news comes several months after Home Depot leaders said homeowners were experiencing "fatigue" in terms of embarking on big projects, according to the Times report.