August home prices decline
CoreLogic, a provider of information, analytics and business services, has reported that home prices in the United States decreased 0.4% on a month-over-month basis, the first monthly decline in four months. According to CoreLogic, national home prices, including distressed sales, also declined on a year-over-year basis by 4.4% in August 2011 compared with August 2010. This follows a decline of 4.8% in July 2011 compared with July 2010.
Excluding distressed sales, year-over-year prices declined by 0.7% in August 2011 compared with August 2010 and by 1.7% in July 2011 compared with July 2010. Distressed sales include short sales and real estate-owned (REO) transactions.
Including distressed sales, the five states with the highest appreciation were: West Virginia (8.6%), Wyoming (3.6%), North Dakota (3.5%), New York (3.2%) and Alaska (2.2%).
The five states with the greatest depreciation, including distressed sales, were: Nevada (-12.4%), Arizona (-10.7%), Illinois (-9.6%), Minnesota (-7.8%) and Georgia (-7.2%).
CertainTeed introduces Apollo Solar Roofing System
Valley Forge, Pa.-based CertainTeed Corp. is introducing the Apollo Solar Roofing System, featuring highly integrated photovoltaic (PV) panels into the roofing system.
“Building upon the launch of CertainTeed’s EnerGen photovoltaic system in 2010, Apollo is our latest solar roofing system that offers exceptional performance, ergonomics and design aesthetics,” said Tom Smith, president of CertainTeed Roofing. “With additional PV products in the pipeline, CertainTeed is committed to equipping contractors with the products and training they need to meet the growing homeowner demand for solar roofing.”
In addition to the high performance of polycrystalline panels, Apollo is lightweight, durable, resistant to wind uplift, and can easily be integrated into either an existing roof or with the installation of a new roof that combines solar panels and asphalt shingles, according to the company.
Unlike rack-mounted solar systems, Apollo fully integrates with roofing shingles for a clean, seamless appearance. The Apollo system is offered in pre-engineered kits containing all components necessary for installation.
AHMA survey: Slim hope for jobs package
Members of the American Hardware Manufacturers Association (AHMA) expressed pessimism regarding the Obama Administration’s ability to introduce a plan that will effectively address the nation’s unemployment problem.
The Schaumberg, Ill.-based AHMA’s monthly Confidence Index survey, which showed a slight increase in August, also asked members the following political/economic question:
“President Obama has said he will introduce a new jobs plan that is expected to include an extension of payroll tax cuts, new revenue for transportation projects and an extension of emergency unemployment benefits. Do you have confidence the new plan will be effective in addressing the unemployment problem?”
Seven percent responded “Yes,” 21% responded “Not Sure,” and 72% responded “No.”
Additionally, the AHMA put the following question to its membership: “The ‘super committee’ of 12 Congressmen and Senators (six Democrats and six Republicans) will begin after Labor Day to find an additional $1.5 trillion in spending cuts by Nov. 23. Do you think the committee will be able to put forward proposals able to pass votes in both the House and Senate by Dec. 23 as required by the previous budget agreement?”
On the spending question, 28% responded “Yes,” 17% responded “Not Sure,” and 55% responded “No.”