Home Depot's CFO Carol Tomé told Jim Cramer that every morning she gets up paranoid, ready to fight the competition. Especially when it comes to a rebounding housing market.
"As home prices appreciate, something happens with the home owner. They think of the home as an investment and not an expense, and they spend differently in their home," Tomé told the "Mad Money" host.
For most people, a home is the largest investment that they have. Thus, as home values increase, the homeowner feels like it is worth more and it encourages them to invest more, Tomé said. During the financial crisis, homeowners weren't interested in spending much, as stress from mortgage payments weighed them down. They would maintain their homes, but wouldn't invest, Tomé said.