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South Florida

Home stores feel pressure from housing crisis 

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Home improvement stores Home Depot and Lowe’s are facing declines in sales and profits because of the housing crisis. Home Depot reported a 24 percent decline in net income in the second quarter. Lowe’s saw an 8 percent drop in second quarter profits, with sales steeply falling in Florida, California and the Gulf Coast. [WSJ] and [NYPost]

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