ETFs with Home Depot holdings gained as the home improvement retail chain announced positive second-quarter earnings of $30.46.3 billion and an EPS of $3.05–both results beating analyst estimates of $30.03 billion and $2.84 per share. Amid rising home prices and interest rates, Home Depot was able to defy the odds, capitalizing on a summer real estate market after a subdued spring.

Three ETFs with the heaviest weightings in Home Depot were all in the green following the news–VanEck Vectors Retail ETF (NYSEArca: RTH) was up 0.83%, iShares Evolved US Disctnry Spndng ETF (BATS: IEDI) rose 0.96% and Consumer Discret Sel Sect SPDR ETF (NYSEArca: XLY) gained 0.85% AS OF 12:30 p.m. ET.

“If you are a homeowner and your home is continuing to go up in value, you feel much more comfortable investing back in that home,” said Brian Nagel, an analyst at Oppenheimer.

Home Depot’s same-store sales were up 8% worldwide, besting expectations for a 6.6% increase. In the United States alone, same-store sales were up 8.1%, once again beating expectations of 6.4%.

Through the rest of 2018, Home Depot expects revenue to increase by 7% versus an original forecast of 6.5%. In addition, same-store sales should tick higher by 5.3% in fiscal 2018 versus a previous targeted growth of 5%.

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