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Americans spend more on home improvement as housing market rebounds

from Bankrate.com via Omaha World-Herald

Americans are starting to ramp up spending on backyard decks, spa-like bathrooms and other vanity improvements. The amount people spend on home remodeling and repair is anticipated to hit $325 billion this year, a level that hasn’t been reached since 2007, according to the Harvard Joint Center for Housing Studies. Hanley Wood, a marketing services company, offers a similar outlook, predicting the industry will fully recover this summer following 12-straight quarters of growth. more


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