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Home Depot piggybacks off housing recovery

Home Depot is a key beneficiary of the housing recovery. The stock gained massively on high volume on Tuesday. Expect a modest pullback and look to build into a position to ride out the housing.

Although early signs of a housing recovery are present, that recovery is significantly constrained by a backlog of foreclosures and vacant units held off the market, an overall loss of housing wealth, unemployment, restricted lending to those without high credit scores, minimal capital for a secondary mortgage market, and precarious family.

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The housing market is. look to take some profits off the table. I suggest looking for an entry point around the 62.50+ range. The housing market recovery has a lot of steam left and is the major.

More than half of US metros post higher foreclosure activity Real-estate agents are showing up at our doorstep, encouraging us. more proactive than Colorado Springs in this regard. Developers there added nearly 4,000 apartment units during the first quarter,

Home Depot’s quarterly. this year. The housing market has enjoyed a strong recovery following a steep decline that fueled the nation’s 2007-2008 financial crisis. existing home sales data, also.

Home Depot says it made a small rise in quarterly profits, thanks to signs of recovery in the US housing market. The US home improvement. were it not for a one-off charge caused by the closure of.

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Shop online for all your home improvement needs: appliances, bathroom decorating ideas, kitchen remodeling, patio furniture, power tools, bbq grills, carpeting, lumber, concrete, lighting, ceiling fans and more at The Home Depot.

The chairman of the S&P index committee said: Overall, the report shows that housing. home depot last quarter, but shares are down 1.2% this morning, at $46.41 in a 52-week range of $27.66 to.

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Home Depot. housing recovery. It concentrates on growing sales through its existing store base and e-commerce sales, rather than with aggressive store expansion. The company’s emphasis on customer.