Robust Spring Sales Expected For Home Depot As U.s. Economy Recovers – Forbes

Existing homes sales improved in April, May and June to reach a SAAR of 5.04 million, which is the highest sales figure since seen in October last year, although 2% lower than June 2013 levels. Following tepid growth in the first quarter of the year, the domestic housing market seems to be regaining momentum, supported by declining lending rates and unemployment rate, and improving consumer affordability. Following a negative 2.1% contraction in the U.S. GDP in Q1, the countrys GDP returned to positive growth in the second quarter, increasing by 4%.In particular, personal consumption expenses rose 2.5%, with spending on durable goods increasing 14% percent, compared with only a 3.2% growth in Q1. http://www.forbes.com/sites/greatspeculations/2014/08/15/robust-spring-sales-expected-for-home-depot-as-u-s-economy-recovers/

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