Nicholas Miller
speaker
54 appearances
2 recordings
1 series
first heard Aug 2025
last heard 6 Aug
Nicholas Miller’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Aug 2026 with 1.
Appearances
Home Depot mostly talked today about consumers being unwilling to undertake those kind of larger projects.
So they're saying they're still seeing demand for kind of small projects, small renovation projects, but not big renovations.
And the company said the number one reason for that was general economic uncertainty.
People being unwilling to make some of those big expenditures, not knowing what the future of the economy looks like.
And then the second reason they gave was high interest rates.
A lot of those big renovations are funded through debt financing and that kind of thing.
And whereas the smaller projects are through cash, just because of high interest rates, it's really pretty expensive to take on debt right now.
Home Depot also talked about how home equity values have really skyrocketed in the last couple of years.
So theoretically, that should give people a lot of money that they can tap into to fund renovations, that kind of thing.
But they're seeing customers do that at very low levels compared with history.
And the company talked about potentially seeing a boost when interest rates are lowered and the housing market picks back up.
And they also reference how the tax law Trump recently passed could maybe put discretionary money in consumers' pockets.
But for now, they're still in wait-and-see mode.
Thank you so much.
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