Americans are splurging on this 1 category

Is Home Depot a Sign of Good Things to Come for U.S.?

Amid a dismal 2016 for retail, there's one category on fire right now in the land of commerce.

CNNMoney reports that Americans are splurging on expensive home items, including appliances, roofing materials and windows. Home Depot's head of merchandising Ted Decker disclosed items over $900 rose 9.5% in the first quarter.

Home Depot beat analysts' estimates last quarter, reporting a 9% rise in revenue and 6.5% rise in sales at existing stores.

EXPLORE MORE: Amazon is about to launch its own brands of specialty items

According to Bloomberg, Home Depot's soaring first quarter is representative of the bigger remodeling trend in 2016. The numbers don't just indicate that people are spending more, but that they're also going to the retailer more frequently.

Chief Financial Officer Carol Tomé shared that the company feels confident that the business will remain strong for the rest of 2016.

Watch the video above for more.

RELATED: Click through for 11 items you should always buy at Costco:

11 items to always buy at Costco
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Americans are splurging on this 1 category

1. Fresh produce

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2. Gas 

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3. Wine

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4. Dairy products 

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5. Eyeglasses

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6. Giftcards

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7. Dog food

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8. Baking items 

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9. Bakery goods 

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10. Oils (coconut oil, olive oil, vegetable oil)

Photo via AOL

11. Costco's snackbar (hotdogs, pizza, soda) 

Photo via Shutterstock


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