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DIY Retailers Cheer Housing Recovery

As the housing market shows signs of life, home-improvement retailers are cheering.For the last few years, companies like Home Depot (NYSE:HD) and Lowe's (NYSE:LOW) have reaped the benefits of rebounding home prices and loosened wallets. Home Depot in particular has reported growing sales, while Lowe's works to revamp its stores and regain market share.Sellers of home goods and materials are largely seeing a boost in sales, but questions remain over the strength of the housing recovery."It's a group of stocks that needs a housing recovery," analyst Rob Wilson of Tiburon Research Group said. "If it's a mirage, they're screwed."Home-improvement retailers are cautiously bullish on the housing recovery, weighing recent sales performance against concerns over the strength of the market.In February, Home Depot reported its strongest same-store sales in eight years. The Atlanta-based company said its earnings climbed 32% and sales were up 14% to $18.25 billion.At an ISI Group conference in Ma...

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    Over the past two years, few if any sector ETFs have rivaled the iShares Dow Jones U.S. Home Construction Index Fund (NYSE:ITB) and the SPDR S&P Homebuilders ETF (NY...

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    Bed Bath & Beyond Inc.'s (BBBY) fiscal fourth-quarter earnings rose 6.5% as the home-furnishings retailer posted double-digit sales growth, with a boost from an extr...

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