THE NEWS: Home Depot said Tuesday its second-quarter net income jumped 17 percent, helped by an improving housing market and good response to holiday events.
THE CONTEXT: A slowly improving employment landscape and extremely low interest rates this year have created such great demand that homebuilders are having some difficulty securing land and keeping pace. That's good news for home-improvement retailers because as home values improve customers feel more comfortable investing money in projects for their home.
ON THE WATCH: Home Depot said it is watching for signs that mortgage rates may start to rise, which could curtail consumer spending.
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