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It's back to splurging on US$1,000 faucets

Spending on home renovation in America is rising to record levels

Hail Heloc: The resurgence of home equity lending by banks such as Wells Fargo and JPMorgan Chase is boosting the earnings of retailers that sell construction supplies as well as the US economic expansion. - PHOTO: AFP

[BOSTON] A year ago, New Jersey contractor Michael Mroz's customers were focused on saving money when renovating kitchens and baths, he said. Now, with a resurgence of home equity lending, they're ready to pay for the best.

"People don't want granite countertops - they want marble costing...

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