HD · News · 20261016N

Market Demand Trends

HOME DEPOT, INC. · 2026-10-16 · Importance 10 · Surprise 6

Melius Research expects improvement in existing-home supply to support stronger repair and renovation demand at Home Depot. The firm expects this trend to continue for two to three years. The commentary points to existing-home turnover and repair activity as key potential drivers of Home Depot’s U.S. demand environment.

Key facts

• Melius Research's upgrade is driven by an anticipated improvement in existing-home supply and repair demand that Melius expects to continue for two to three years. source
• The Home Depot named Steves & Sons Inc. as its 2026 Millwork Partner of the Year. source
• Melius Research upgraded Home Depot stock to a "Strong Buy" on October 9, 2026, setting a target of USD 397.00. source