Faucets at $1,000 Abound as Home Equity Spigot Opens

Faucets at $1,000 Abound as Home Equity Spigot Opens

Spending on home renovations is rising to records as banks such as Wells Fargo & Co. and JPMorgan Chase & Co. increase lending for home equity lines of credit, or Helocs, after property prices this year gained at a pace not seen since the last housing boom. Photograph: Gallery Stock