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Homeowners are spending money like it's 2006! The latest evidence came from Home Depot (HD). The world's largest home improvement retailer on Tuesday revealed it experienced a record number of transactions in the last three months. On average, shoppers spent more than at any point since 2006 and sales at stores open for a year or more jumped 6%.
All of that suggests Americans are ramping up spending on efforts to spruce up newly-purchased homes or ones they'd like to sell. While housing might not be back to pre-crisis levels, it's certainly looking a lot healthier.
"We continue to see positive signs in the housing market," Carol Tome, Home Depot's chief financial officer, told analysts during a conference call.
Home Depot is confident enough to upgrade its outlook for the rest of 2015. Investors loved the news, driving Home Depot stock up 3% to all-time highs. It's up 47%!
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