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Hot housing market fuels business for home improvement stores

from The Seattle Times

Americans are spending more money on home repairs than ever before, helping home-improvement retailers ward off the negative impact of online competition seen with other retail stores. While other retailers are closing thousands of stores this year, home improvement stores like Home Depot and Lowe's have seen boosts in revenue within the past year — and a major reason is the shortage of new single-family houses in the market, some experts say. more

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