Home Improvement Sector Trails Overall Housing Turnaround

Home Improvement Sector Trails Overall Housing Turnaround

The Housing Wire (8/21, Hilley) reports, "Barclays Capital moderated its near-term outlook on home improvement stocks despite mounting evidence that increased homebuying is driving a positive feedback to housing markets across nation." Barclays housing analyst Stephen Kim said, "This strength has not extended to the remodeling sector to the degree we had expected." Therefore, while demand for housing has increased, most remodeling activity has remained discretionary, Kim added.