Home Depot Sees Signs of Improving Housing Market
The Home Depot Inc. is feeling more optimistic about the recovery of the housing market after customers spent more on sprucing up their homes in the second quarter.
The country's biggest home-improvement retailer said Tuesday that strong cost controls and healthy sales of paint, bathroom accessories and kitchen installations helped lift its net income by 12 percent during the period.
The Atlanta-based company boosted its full-year outlook, citing its performance so far this year.
In a conference call with investors, Chairman and CEO Frank Blake noted that some