Thursday, May 4, 2017

Housing Recovery Helps Home-Improvement Firms Avoid Retail Blues

Home Depot Inc. has shown it can still find ways to entice shoppers to their physical stores, despite a continuing consumer shift toward online buying.Home-improvement stocks are rising alongside booming U.S. house prices and construction, making the shares a rare success story in the depressed world of retailing.

“We’re finally at the stage of the housing recovery where homeowners are taking on larger projects,” said Brad Hunter, chief economist with IAC’s HomeAdvisor unit, which matches homeowners with contractors and handymen. “Home improvement is the shining star within retail.”. . . more

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