Consumers set to ramp up home improvement spending

CNBC News

The do-it-yourself home improvement market is running hot again, although demand hasn’t entirely recovered from pre-recession levels.

“As prices kind of stay in the low to middle single-digit increases year over year, then consumers feel more confident in investing in their homes and are more likely to spend,” said Telsey Advisory Group analyst Joseph Feldman, who forecasts home price appreciation in the large markets will continue to outpace that of the smaller markets “for the foreseeable future.”

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