Home Depot’s total customer transactions during the quarter fell to 402.5 million from 416.8 million a year ago. However, the average ticket rose to $85.11, compared to $75.69 a year ago.

Rival Home Depot saw a similar impact. The Atlanta-based home improvement retailer on Tuesday said lumber accounted for about 60 basis points of margin pressure during its second quarter.

Since lumber is a popular product at Home Depot (HD 0.94%), the price change could have implications for the home improvement retailer. Let's look at what they might be. Image source: Getty Images.

When Home Depot reports its fiscal Q2 results next month, it will be surprising if it's able to match the elevated revenue of last year. And with prices for lumber down by roughly 66% in the past ...

Home Depot is the world’s largest home improvement retailer, operating a network of more than 2,300 stores. It serves both professional and do-it-yourself (DIY) customers, but draws more of its ...

The housing market has remained robust throughout the Covid-19 pandemic. And while lumber shortages could put a temporary dent in new home construction, Home Depot is not worried.

So while the lower lumber prices do not make Home Depot stock a buy, a strong business at a fair valuation are excellent reasons to add it to your portfolio. 10 stocks we like better than Home Depot ...