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May 18, 2016

Home Depot sales jump nearly 9%

ATLANTA (AP) — Home Depot topped expectations for the first quarter thanks in part to mild weather and the company, riding a strong rebound in housing, lifted its outlook for the year.

Americans are plowing money into homes as prices continue to rise. In its most recent report, the Standard & Poor's/Case-Shiller 20-city home price index rose 5.4 percent and the National Association of Realtors' seasonally adjusted pending home sales index rose 1.4 percent to 110.5, the highest level since May 2015.


 
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