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<p class="zn-body__paragraph speakable" data-paragraph-id="paragraph_A4744782-D75D-F467-7335-F51DEA96E711"><cite class="el-editorial-source">New York (CNN)</cite>Home Depot's sales dropped 2% during its latest quarter as the housing market cooled off.</p>

"We did see continued pressure in certain big-ticket, discretionary categories," said Home Depot CEO Ted Decker.

Home Depot is a closely-watched barometer for US housing strength.

<em>This is a breaking story and will be updated.</em>

Home Depot's sales dropped 2% during its latest quarter as the housing market cooled off.{ai:summary}<p>Home Depot's sales declined 2% due to a slowdown in the housing market. This indicates a weakening in the US housing industry. #economy</p>

Home Depot sales fell as housing market cooled

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