Mortgage And Real Estate News

Wednesday, September 26, 2012

Home-related sales through the roof

As the housing market climbs out of the cellar, home improvement sales are through the roof.

Online purchases of home-related goods took priority over back-to-school-spending for families this summer, according to a study released Tuesday from IBM Smarter Commerce.

It's a trend that's also driving sales in brick-and-mortar home improvement stores from mom-and-pop hardware shops to Home Depot, which hammered out its highest quarterly earnings report last month in five years at $1.5 billion. The home improvement market was big enough in Uniontown, Ohio, for Wayne and Howard Miller to open what they call the largest independently owned hardware store, Hartville Hardware, in July, with a seven-acre retail space.

Read more: http://azc.cc/6nRfxc

Reuters: Business News

National Commercial Real Estate News From CoStar Group

Latest stock market news from Wall Street - CNNMoney.com

Archive

Recent Comments