Analyst: New-home data hits bottom, probably
A report from Global Hunter Securities describes the new-home market as "finally forming a bottom."
Based on the number of new homes available for sale, the months required to sell them and the total new homes for sale, there’s some good news, according to Global Hunter Securities: "We believe the new-home market is finally forming a bottom."
In a research paper, GHS analyst Richard Hastings wrote: "The number of new homes sold per month remains quite low by historical comparisons, at about 25,000 units per month on average (not seasonally adjusted). The number of new homes available for sales hit an all-time record low at 162,000 units in October (unadjusted). Based on our interpretation of the Census data, we believe the industry’s ability to move inventory and to balance new project commitments to market demand all point to improvements in the new-home market for sales and construction."
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Home Depot extends partnership with heavy equipment rental firm
Terex, a Westport, Conn.-based construction equipment rental firm, has extended its partnership with Home Depot by adding PT-30 and PT-50 compact track loaders, TSR50 skid-steer loaders and TC16 compact excavators to its centers in 280 select Home Depot locations, according to an article in Rental Equipment Manager.
The partnership between the two firms, formed earlier this year, placed Terex equipment in the Compact Power Equipment Centers found in the Tool Rental section in 170 Home Depot locations. Top-performing units include the Home Depot flagship store in Atlanta, as well as stores in Nashville and Memphis, Tenn.; Rock Hill and Greenville, S.C.; Dallas and Fort Worth, Texas; Tampa, Fla.; and Olive Branch, Miss. Both the Memphis and Olive Branch stores are just 30 miles from the Terex Construction operations office in Southaven, Miss.
Compact Power Equipment Centers have partnered with The Home Depot to provide commercial contractors with towable rental equipment for many projects.
"We are pleased to have the Terex brand presented to customers alongside such well known, reputable brands as Compact Power Equipment Centers and The Home Depot," John Poag, director, rental, government and remarketing, Terex Construction, told the publication.
Compact Power CEO Roger Braswell added, "Our goal is to open an additional 300 Compact Power Equipment Centers in the future — our strategic relationship with Terex is very important in achieving this."
Terex Corp. is a diversified global manufacturer operating in four business segments: Terex Aerial Work Platforms, Terex Construction, Terex Cranes and Terex Materials Processing.
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TimberTech rolls out lighting options for decks
Wilmington, Ohio-based TimberTech has added three new lighting offerings for decks.
TimberTech is now offering concealed Under-Rail lights. Easily installed inside the top rail between the balusters, they are practically unseen and bring soft and warm light that shines downward keeping the bulbs from falling directly into the line of sight, according to the company.
TimberTech also developed a light that is seamlessly installed in the decking planks, In-Deck lights. Approximately one-inch in diameter, this LED light is surrounded by an Architectural Bronze finish that provides a fashionable accent.
For fully customizable and mood-setting capability, TimberTech also introduced a dimmer that allows users to adjust the brightness of the lighting system to the desired level.
“After-market lighting products often fall short of consumer expectations and can require a lot of time to install,” said Toby Bostwick, senior product manager, TimberTech. “Our goal was to create the most appealing line of lighting that allows consumers and contractors to be as creative as possible while ensuring the products are as functional as they are stylish.”
While I am impressed by their
While I am impressed by their thoughtfulness in creating these products, I somehow worry about the replacement process, because LED lights don’t last for a lifetime, and it might be a pain to replace the lights when their time is up.