Investment in Homes May Signal Housing Bottom

New York, NY, Nov. 30, 2011 -- Shares of Home Depot and Lowe’s may be showing that the worst of the declines in the housing market are over, according to Bloomberg News.

Their shares have been outperforming other retailers.

Americans are likely to spend $337.3 billion on their homes, with annualized private-residential fixed investment rising 3% from 2010 for the three months ended Sept. 30, Bureau of Economic Analysis data show.

This is only the second such increase since 2006, Bloomberg reported.

Same-store sales for Home Depot and Lowe's have started to improve and may pick up even more, Bloomberg noted.