No, its the volume buttons.
im on my 2nd ipad and ive had trouble with the home button onboth of them.there is a work around this problem.
go to settings>general under physical & motor click on "asssistive touch">assistive touch "on".
this will put a button on the screen that will perform the same function as the home button.
home button, ipad mini
iPod touch loop button.
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