Salient to Investors:
Home Depot Q3 profit topped analysts’ estimates.
The US housing market is healing, with new-home sales rising to the fastest pace in two years and construction starting at the fastest rate in four years.
Americans’ real estate holdings have risen in value for two straight quarters. CoreLogic said over 1.3 million homeowners who had been underwater have moved above break-even, while home prices rose 4.6 percent in August from a year ago.
Read the full artilce at http://www.bloomberg.com/news/2012-11-13/home-depot-profit-rises-1-4-as-customer-traffic-gains.html