Lowe's-Home Depot Shares Lure Investors on House Recovery

Shares of Home Depot Inc. and Lowe?s Cos. -- the two largest U.S. home-improvement retailers -- are trading at the highest level in more than 10 years relative to the broader market amid signs the housing recovery is gaining momentum.

New-home construction is the latest sign of improvement, as starts jumped 15 percent in September from the prior month to an 872,000 annual rate, based on data from the Commerce Department, beating the 770,000 median estimate of economists surveyed by Bloomberg News. Residential permits -- a proxy for future construction -- also exceeded the median forecast, rising to an 894,000 annual rate. Both were the highest since July 2008. . . . more

Source: http://blog.keypointpartners.com/2012/10/lowes-home-depot-shares-lure-investors.html

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