A new study of the feelings of painters and remodelers about the economy and future challenges portends well for Home Depot. According to a vote of 94 general contractors, painters, remodelers and 37 expert painters, U.S. contractors see signs of stability even with uncertainty in the housing market. The majority of respondents are hoping for business improvements, analysts said many numbers report backlogs of more projects in the second half of 2025 and are expecting more. Despite the good news, contractors have flagged material pricing as a major concern due to inflation and tariff uncertainty. Morgan Stanley said tariffs were the third biggest business concern, but “an investigation was conducted just before the release date announcement on April 2, and the results could undermine contractors’ tariff concerns. Home Depot said, “We are monitoring development with our vendors and working closely with management with the goal of being an advocate for customer value,” Home Depot said. When contacted Monday, the company did not provide new comments on the status of the tariff impact. Before Trump’s “mutual” tariff announcement, Home Depot was sure its business would do well despite its larger economic background. In an interview with Jim Cramer in March, Home Depot CEO Ted Decker said the company will work no matter what happens. Decker argued that over half of the existing US homes were over 40 years old and that improvements would be needed. “The amount of work and maintenance you need to make in those homes, they get the value, but they need a lot of work, and we’re where we go to help people do it,” he said. Bottomline’s Jim Kramer encourages investors to stay “long at Home Depot.” Jim sees the 30-year fixed-rate mortgage at less than 6.5% as a historic threshold that could trigger housing activity and lead to Home Depot sales. The club was added several times to our home depot location in March. The latest was at the end of the month. Serving professional customers is one of the most important parts of Home Depot’s overall growth strategy, exhibited in the $18.25 billion acquisition of SRS distributions completed in June. Professional sales were stronger than the fourth quarter of 2024. This was reported in February. (Jim Cramer’s Charitable Trust is a long HD. See the full list of stocks here.) As a subscriber to Jim Cramer and CNBC Investing Club, Jim receives a trade warning before he can trade. Jim waits 45 minutes after sending a trade alert before purchasing or selling stocks in the Charitable Trust portfolio. If Jim talks about stocks on CNBC TV, he will wait 72 hours after issuing a trade alert before running the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with the disclaimer. Due to receiving information provided in connection with the Investment Club, there is no obligation or obligation of the fiduciary. No specific outcomes or benefits are guaranteed.
General views of the Home Depostore in Midtown Manhattan on February 26, 2025 in New York City.
Eduardo Munoz Alvarez | Corbis News | Getty Images
A new investigation into the emotions of painters and remodelers about the economy and future challenges. Home Depot.
