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Housing indicators arrange room to do more remodeling

from Investor's Business Daily

The stars have aligned in favor of a warm economic climate for home remodeling. An improved jobs picture, rising home values and calls for a pickup in economic growth are among the confidence boosters experts see driving bright prospects for remodeling spending this year. "The macroeconomic environment is positive for remodeling," said Celia Chen, a senior director covering the housing industry for Moody's Analytics. more


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