Home Depot has posted an optimistic outlook for its future sales, owing to increased home improvement spending.

Home Depot, Inc. posted its sales and profit growth information for Q2 2016 on Tuesday, reporting a boost in shares and profits alike.

According to the company’s report, Home Depot’s shares have risen 1.3% over the past three months and were up 0.2% percent in pre-market trading. The company reported a quarterly profit of $2.44 billion, up from $2.23 billion a year earlier. Revenue was up 6.6%, to $26.47 billion.

The company projected earnings of $6.31 per share for the year 2016, up from its previous $6.27 estimate.

HD attributes the rise in profits to increased American spending on home improvement projects. Craig Menear, HD CEO, said quarterly sales hit a new record and that housing continues to be a “tailwind” for the company.

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