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'Nesting is investing' as home improvement spending set to hit $321 billion

from CNBC

Home equity is back, and headed for the bathroom — or the kitchen or the garage or wherever today's homeowners see the greatest returns. Higher home prices have given people cash back and they are putting that cash to work in more — and bigger — remodeling projects. Growth in home improvement and repair expenditures will reach 8 percent by the start of 2017, according to a new report from Harvard's Joint Center for Housing. That is far beyond its 4.9 percent historical average. more


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