"Bottoms" suck if it's your industry. If you look at that chart, we're at the lowest level in over 60 years. So I don't disagree with your observation. What traders call a bottom is just a slight improvement off the lowest levels, which is pretty much where we're at, but that's not going to feed your family. What you are looking for is a nice bounce off that bottom which we haven't seen yet. The problem is that foreclosures keep competing with new home sales. Banks are selling existing homes at firesale prices.
HD is still benefiting from these foreclosures and short sales because there is a lot of "fixer-upping" going on, supposedly.