AHMA “hot topics” visit pipelines and politics
A survey of American Hardware Manufacturers Association’s (AHMA) members shows strong support for the Keystone XL pipeline and notable support for presidential candidate Mitt Romney.
The AHMA’s December Confidence Index survey asked two supplemental questions of AHMA members. The first: “Do you think the president should approve construction of the Keystone XL pipeline?” resulted in 90% "yes" and 10% "not sure." There were no negative responses to the question.
The survey also asked: “Considering the two leading candidates for the Republican presidential primary, would you prefer Romney or Gingrich?” Sixty percent responded “Romney,” 15% responded “Gingrich,” and 25% responded “Neither of the above.”
The AHMA Home Improvement Industry Confidence Index results are released on the first Wednesday of every month.
The full reusts of the survey can be found here.
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Really interesting article.
Really interesting article. What we have to mention is that xisting-home sales increased 4.0 percent to a seasonally adjusted annual rate of 4.42 million in November from 4.25 million in October, and are 12.2 percent above the 3.94 million-unit pace in November 2010. Obviously sales reached the highest mark in 10 months and are 34 percent above the cyclical (in germany equal to ABACUS Nachhilfe Hamburg ) low point in mid-2010 – a genuine sustained sales recovery appears to be developing... They’ve seen healthy gains in contract activity, so it looks like more people are realizing the great opportunity that exists in today’s market for buyers with long-term plans. Also: The median sales price of new houses sold in November 2011 was $214,100; the average sales price was $242,900. The seasonally adjusted estimate of new houses for sale at the end of November was 158,000. This represents a supply of 6.0 months at the current sales rate - suche shop für | Sänger Privately-owned housing starts in November were at a seasonally adjusted annual rate of 685,000 This is 9.3 percent above the revised October estimate of 627,000 and is 24.3 percent above the November 2010 rate of 551,000. Single-family housing starts in November were at a rate of 447,000; this is 2.3 percent above the revised October figure of 437,000. The November rate for units in buildings with five units or more was 230,000 - Beleuchtung | Intelligenztest
The Fed’s Bernanke speaks out on housing
The Federal Reserve, in a Jan. 4 report sent to members of Congress who sit on banking committees, warned that mortgage lending standards are holding back the nation’s economy.
The 26-page white paper was an unusual foray into the housing sector for an agency concerned primarily with monetary policy. But Federal Reserve Chairman Ben Bernanke stated: “Restoring the health of the housing market is a necessary part of a broader strategy for economic recovery.”
While acknowledging that lending standards were “lax, at best” during the housing boom, the report noted that “extraordinarily tight standards … currently prevail” and creditworthy borrowers often can’t qualify for mortgages. Obstacles include stricter underwriting, higher fees and interest rates, more stringent documentation requirements, larger required down payments, stricter appraisal standards and fewer available mortgage products, the report said. These conditions have stymied the Fed’s attempts to jump-start the housing market with record low interest rates to make houses more affordable.
The role of Fannie Mae and Freddie Mac, which operate under a mandate to minimize losses, might need to be adjusted, the report argued. Loan modifications, mortgage refinancing and the disposition of foreclosed properties might involve “near-term losses and risk exposure, [while] promoting a faster recovery in the housing market.”
One such example involved the conversion of foreclosed homes into rental units on a large scale, a process now made difficult by banking institutions and housing agencies. This proposal was discussed in some detail, as were “land banks,” typically public or nonprofit entities that purchase, rehabilitate, rent, sell or demolish low-value real estate.
To read a full copy of “The U.S. Housing Market: Current Conditions and Policy Considerations,” click here.
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The ongoing problems in the
The ongoing problems in the U.S. housing market continue to impede the economic recovery. House prices have fallen an average of about 33 percent from their 2006 peak, resulting in about $7 trillion in household wealth losses and an associated ratcheting down of aggregate consumption.
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Hurd Windows and Doors realigns operations
Superseal Windows and Doors has converted its South Plainfield, N.J., manufacturing facility to a distribution and service center. The move is part of the company’s plan, which began in early 2011, to centralize its manufacturing capability in its facility in Merrill, Wis., near Superseal’s parent company, Hurd Windows and Doors.
“While New Jersey will continue to be home to Superseal’s distribution and warranty parts center, as well as our customer and field service operations, we felt it was critical to centrally locate the manufacturing plant as we take the Superseal brand to a national and international level,” said Hurd president and CEO Dominic Truniger.
Truniger also noted that Hurd is making significant investments in Superseal, including upgrading products and options, and expanding the technological sophistication of its state-of-the-art e-Bid ordering process.
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