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Home Depot begins to believe in housing recovery

Posted on 14 November 2012

Home Depot Inc. has long been sober about a U.S. housing recovery, even as investors betting on a rebound snatched up its stock. Now, though, the home-improvement retailer said it is beginning to see the effects of a real-estate revival, with surprisingly strong core profit and sales in the third quarter.
Chief Executive Frank Blake said the third-quarter performance was stronger than Home Depot itself expected, thanks in part to the start of a healing housing market………………………………………..Full Article: Source


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