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America's home-improvement industry gets a major boost

Record renovation spending expected this year as many homeowners decide to remodel their homes rather than move

As property owners provide a boost to the home-improvement industry, shares of Home Depot have surged more than 33 per cent and Lowe's has soared 47 per cent in the past year.


CORY Laws considered selling his house and moving to an updated property with his girlfriend. But he likes his neighbourhood, so he decided to spend as much as US$100,000 to remodel the Herndon, Virginia home.

"I bought the house for me and my two girls at the time, but...

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