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Are Homeowners Spending More on Their Homes?



According to Jim Cramer, gross margins have recently increased for both Toll Brothers and Home Depot. While a lot of Toll Brothers' increase is coming from specific projects in Hoboken and Brooklyn, the overall trend shows that people are putting more money into their homes. Likewise, Lowe's has also seen an increase in gross margins, further driving the point that people are spending more.  It will be interesting to see how this affects the real estate market.