CNN BUSINESS | Fewer people are going to Home Depot. That could be a bad sign for the housing market

New York (CNN Business) – Home Depot has thrived in the red-hot housing market, but there are growing signs that demand is finally starting to cool.

Although Home Depot’s second-quarter earnings and revenue topped forecasts on Tuesday morning, a few stats were concerning: For example, same-store sales growth, which measures how well locations up at least a year are doing, rose just 3.4% in the US.

That’s a big dropoff from the first quarter and below analysts’ estimates.

What’s more, fewer people were shopping in Home Depot stores this quarter. The company reported 481.7 million customer transactions, down nearly 6% from the same period a year ago.  —read more—