No less a concerned party than Home Depot says that the housing market is recovering.

This comes as Home Depot reported better than expected earnings and revenue in the quarter which ended on October 28, 2012.  This report comes from

“The strong results reflect "the start of the path toward the healing of the housing market," said CEO Frank Blake in a statement.

This is one more sign that the deep five year-old recession is loosening its grip on America.  Other signs include record low mortgage rates, rising new home sales and home construction, as well as a rise in employment and a decline in foreclosures.

For the number-curious of you – Home Depot sales reached $18 billion (up 4.6%) and operating earnings were $1.1 billion (up 23%.)