Home Depot CEO Sees Housing Recovery Boosting Sales
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Home Depot Inc. Chief Executive Officer Frank Blake said rising home prices this year will spur renovation spending, helping the retailer even as increasing mortgage rates put pressure on the U.S. housing recovery.
“As we look into the back half of 2013, we continue to see the housing market improving -- not a blistering pace but a steady, steady improvement,” Blake, 64, said in an interview at Bloomberg’s New York headquarters yesterday.