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It’s Fixer-Upper Time!

Monday, March 2nd, 2015

It is not a great time to be in the business of selling homes. But fixing them up? That’s a different story. The Commerce Department last week said that builders in January sold new home at the highest level since 2008, but still well below the levels in the 1990s, much less the early 2000s. These numbers came on top of disappointing January existing-home sales figures from the National Association of Realtors. In contrast, the home-improvement industry is doing well. Home Depot shares surged last week after they posted strong fourth-quarter results, and Lowe’s results also topped analysts’ estimates. Commerce […]