NEW YORK — Shannon Burke is typical of many shoppers these days. She’s pouring money into her home and cutting back on everything else.
‘‘If we don’t need it, we don’t buy it,’’ said Burke, of Abington, Mass., whose two children are mostly making do with hand-me-downs. ‘‘The money can be spent on our home. The more valuable our home is, the better it is for us in the long run.’’
That’s great news for companies such as Lowe’s Cos. and Home Depot Inc. Both reported blowout second quarters as millions of Americans, drawing confidence from a recovering housing market, loaded up on dishwashers and wall tile. It’s not so good for retailers selling clothes and other general merchandise. In recent weeks, chains from Walmart to Macy’s missed sales estimates. Full story for BostonGlobe.com subscribers.