Real Estate

May 21, 2013
Recovering housing market buoys The Home Depot earnings

"In the first quarter, we saw less favorable weather compared to last year, but we continue to see benefit from a...

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The housing sector may finally become a direct and meaningful contributor to U.S. economic growth in 2013 and beyond, according to NewOak CEO and Co-Founder Ron D’Vari.

The slow in economic activity is partly due to ongoing fiscal drags, including the budget sequester. However, a modest reacceleration is expected in the second half of this year, as the housing market continues to gain traction, Fannie Mae said in a new report.

ReWired

It’s not everyday a company can claim a 112% boost in originations year-over-year and a 183% jump in revenue over the same time period, making it no. 1 in growth for all private companies based in Illinois.

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