If they build it, they will most likely be purchasing materials and tools at Home Depot or Lowe's. Wandering through aisle after aisle filled with toilets, fixtures, nails, tiles, tools, grout ... sorry, daydreaming about all the work my apartment needs.

With the recent decision by the Fed to raise interest rates by 0.50%, buying a home may get easier for some which in turn could prove to be a boon for the home improvement giants.

But for now, we focus on Home Depot's and Lowe's pre-earnings insights and how the companies performed in 1Q22.