Atlanta-based The Home Depot Inc. (NYSE: HD) enjoyed record sales in 2021. That winning streak continued through the first half of this year.
Home Depot executives credit a home improvement craze set off by surging equity. The average metro Atlanta homeowner has gained more than $100,000 in equity since the start of 2020.
“The homeowner has never had a balance sheet that looks like this,” Home Depot CFO Richard McFail told analysts in May.
Read more: Home equity surge made Atlanta crazy…
