Washington Post

Running head : HOUSING AND BANKING SECTORS BOUNCE BACK

Housing and Banking Sectors Bounce Back

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Housing and Banking Sector Bouncing Back

After a terrible economic performance , it is good to hear that the housing and banking sectors are bouncing back from the economic breakdown over the past year . Ylin Q . Mui (2009 ) reported on Washington Post that the American stock market has shot up to as much as three percent on May 18 from home improvement chains which has announced confidence in the market for new homes . The market

is reported to have risen for the second straight month . Mui (2009 ) also reported that the financial sector has gained to nearly five percent

Mui (2009 ) reported that the home improvement chain Lowe 's decreased its profit by up to 476 million during the first quarter of the current year which is a nearly 22 percent decline from the previous year However , investors found some hope from encouraging signs in sales reported by Lowe 's from small , outdoor project items as spring arrives (Mui , 2009 . Lowe 's chairman and CEO Robert A . Niblock reported that they have seen consumer confidence improve , housing turnover show signs of bottom in certain markets , and home prices slow their decline (cited in Mui , 2009 . He further announced that these are all positive signs for the stabilization and ultimate recovery of home-improvement industry sales (cited in Mui , 2009 . Mui (2009 ) also reported that the National Association of Home Builders found that for the second month...