Home Depot Says More Homeowners Will Start Renovating as Mortgage Rates ‘Freeze’ Housing Market

Home Depot's outlook is optimistic, with the company predicting that sales will grow as more homeowners stop putting off home improvement projects.

For the full year ahead, the company said it predicts total sales to grow by 2.8% as consumers will tackle home projects.

"Appliances and our gift center business, which had record sales," are a big driver, says Bill Bastek, Home Depot's executive vice president of marketing.

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