Remodeling Index Positive For Home Improvement Stocks

The macro environment for home improvement stocks continues to be favorable. Credit standards have eased somewhat over the past few months and with the Federal Reserves new “operation twist” program, it has driven down interest rates even further. This has created a much more favorable backdrop for home owners wishing to refinance. It appears for owners who are refinancing, some of the dollars that are being saved in a such a deal are being reinvested in their homes.

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