Housing gate:
How frozen housing turnover gates Home Depot big-ticket transactions and caps comparable sales Mortgage rates pressuring turnover housing turnover gate frozen Healthy cohort deferred, not lost Full-year comp ceiling capped · flat to +2% move-in · remodel catalysts Comparable sales engine Big-ticket transactions volume −1% · Q2 FY26 wedge carry lanes · comps without market expansion Average ticket Online growth · double-digit Share gains · pro + DIY transaction-driven growth ticket + online + share carry Market prices the ceiling flat post-earnings close
Housing turnover is the gate: it feeds the move-in and remodel catalysts behind big-ticket projects. When it is frozen, transaction volume thins and the other lanes carry comps inside a capped range; thaw it, and the transaction lane and the ceiling both reopen.