AHMA survey shows concerns over Europe
A survey of members of the American Hardware Manufacturers Association (AHMA) shows that the ongoing economic crisis in Europe has affected 52% of the businesses involved. Another 33% said they were unaffected. The remainder were unsure and not involved in European commerce.
Whether or not the housing sector of the home improvement industry is poised for growth split the survey respondents three ways: 41% said yes, 22% said no, and the remainder weren’t sure.
These two supplemental questions were attached to the AHMA’s July Confidence Index Survey, which fell approximately 42 points from June 2012. July’s index number was 262.5, down from 304.2.
In comparing current sales levels with year-ago levels, 63% of respondents said sales were higher in July versus year-ago levels, down from 73% in June. For July, 19% reported sales were even, and 19% said sales were below year-ago levels.
Looking forward six months, 41% of the participants in July’s survey said they expect sales to be even in six months, and 15% expect sales to be below current levels.
Looking forward one year, 78% of respondents project sales will be higher, up from 64% who felt that way in June. Fifteen percent of July respondents project sales will be even one year from now, and 7% project sales will be below current levels.
Home prices increase for 4th consecutive year
CoreLogic, a provider of information, analytics and business services, released its Home Price Index (HPI) for June 2012 showing a 2.5% increase in home prices nationwide when compared with June 2011. On a month-over-month basis, home prices increased by 1.3% in June 2012 compared with May 2012. June’s numbers, which include distressed sales, mark the fourth consecutive increase in home prices nationally on both a year-over-year and month-over-month basis.
The CoreLogic pending HPI indicates that July home prices, including distressed sales, will rise by at least 0.4% on a month-over-month basis from June 2012 and by 2.0% on a year-over-year basis from July 2011. The CoreLogic Pending HPI is based on Multiple Listing Service (MLS) data that measure price changes in the most recent month.
"Home prices are responding positively to reductions in both visible and shadow inventory over the past year," said Mark Fleming, chief economist for CoreLogic. "This trend is a bright spot because the decline in shadow inventory translates to fewer distressed sales, which helps sustain price appreciation."
"At the halfway point, 2012 is increasingly looking like the year that the residential housing market may have turned the corner," said Anand Nallathambi, president and CEO of CoreLogic. "While first-half gains have given way to second-half declines over the past three years, we see encouraging signs that modest price gains are supportable across the country in the second-half of 2012."
Including distressed sales, the five states with the highest appreciation were: Arizona (+13.8%), Idaho (10.4%), South Dakota (+10.1%), Utah (+8.3%) and Wyoming (+7.7%).
The five states with the greatest depreciation were: Alabama (-4.8 %), Connecticut (-4.0%), Illinois (-3.4%), Georgia (-2.9%) and Delaware (-2.8%).
Leviton rolls out new motion sensors
Melville, N.Y.-based Leviton introduced a full line of residential occupancy and vacancy sensors that combine state-of-the-art technology with a sleek new design to provide optimal management of lighting and motor loads.
Available in either Automatic-ON (Occupancy) or Manual-ON (Vacancy) switching, these energy-saving sensors are available in models engineered to control current LED, CFL, fluorescent, incandescent, halogen or motor loads.
Featured in the new line is a Dimming Sensor, available in both Manual-ON and Automatic-ON models. The Dimming Sensor provides users the ability to easily adjust lighting levels of compatible dimmable LED, CFL and incandescent bulbs for combined energy-efficiency and ambiance. A patented built-in starting technology ensures smooth start-up for hard to start CFLs.
“As consumers seek cost-effective ways to reduce energy consumption, Leviton Sensors provide an ideal solution to effectively control both lighting and motor loads to help reduce power usage”, said Michael Neary, Leviton’s Product Manager for Residential Lighting Controls.