Yesterday, Lowe’s reported impressive results for their latest quarter (see this story from Marketwatch). About an hour ago, The Home Deport reported impressive results for their latest quarter (see that story from Marketwatch).
Implications: I have long submitted that home improvement would be a leading indicator that the recovery was gaining strength. (See “Changing purchase Priorities,” October 2009.) Many homeowners now find themselves unable to “upgrade” by moving into their new dream home. So, the next best thing is doing what you must to make your current residence the home of your dreams.
Evidence suggests that the home improvement category agrees.
Mike Anderson
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