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Adams Manufacturing introduces new Big Easy resin furniture

BY HBSDealer Staff

Made-in-USA supplier Adams Manufacturing unveiled a new Big Easy collection of oversized resin furniture at the 2015 National Hardware Show in Las Vegas.

The Big Easy line, which includes a Rocking Chair, Adirondack Chair and Stack Chair, is ASTM-rated to hold 350 lbs.

"Our Big Easy line is the results of listening closely to our retail partners and their customers based on shifting demographics and market need," noted Adams Manufacturing president and CEO Tom Lombardo. "Based on initial feedback from the retail community, we believe that we're delivering the products that customers have been asking for. Similar to the popularity of plus-size fashion clothing lines, there is increasing acceptance in the marketplace for diverse body types."

Other features include an innovative stacking design for the Rocking Chair, an integrated cup holder for the Adirondack Chair, and an especially accommodating Stack Chair silhouette.

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Dennis Schemm named CFO at Continental Building Products

BY HBSDealer Staff

Gypsum wallboard company Continental Building Products has a new CFO in Dennis Schemm.

“We are excited to welcome Dennis to our leadership team,” stated Jay Bachmann, Continental’s CEO. “He has a proven history of experience with more than 20 years in finance, including 16 years in senior management roles at publicly traded industrial companies. His extensive and broad leadership capabilities will be instrumental to supporting our efforts as we further strengthen our low-cost position and generate additional cash flow as our end markets improve.”

Effective May 11, Schemm will join the company from Armstrong Flooring, where he was most recently working as VP global finance.

During his role there for the past two years, Schemm oversaw the division's financial and accounting functions.

Previously, he served as director of global financial planning & analysis at Gilbarco Veeder Root, and as corporate controller and finance director of Monsanto Company before that.

His career also includes roles held at Bell Atlantic and Price Waterhouse Coopers.

“Continental’s operations and long-term strategy are an excellent match for my background and I am delighted to join the team,” said Schemm. “The company has made impressive strides to establish itself as a leader in the wallboard industry and I look forward to helping capitalize on the significant value-generating opportunities ahead.”

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Study: Rent keeps going up

BY HBSDealer Staff

ReaReal Property Management and RentRange released rental statistics that show that show national rental home rates are rising.

Through the first quarter 2015, the companies reveal that the average monthly rent for single-family homes was $1,286, representing a 5.4% year-over-year increase. The rental market data was limited to three-bedroom single-family homes in the U.S.

View the report here.

Rental rates were up in all 10 regions analyzed. The Pacific and Northeast regions saw the largest upturns with 13% and 10.9% year-over-year increases, respectively. On the other end of the spectrum, the Mid-Atlantic and South-Atlantic regions had the lowest gains at 1.6% and 2.6% year-over-year increases, respectively.

“Rental rates are up throughout the country and we expect that trend to continue in the near future,” said Don Lawby, president of Property Management Business Solutions, the franchisor of Real Property Management. “There are a lot of economic indicators supporting that viewpoint, not the least of which is America’s continual shift toward renting.”

Vacancy rates through the end of the first quarter, the percentage of homes considered unoccupied, were also examined. The national rate rose slightly to 5.7%. The Midwest region had the highest vacancy rate at 7.2% whereas Texas had the lowest at 3.6%.

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