Delta brings out more sanders, more abrasives
Anderson, S.C.-based Delta Power Equipment introduced four new sanders. The new sanders include a 26-in. Dual Drum Sander, Model 31-481; a 6-in. by 89-in. Oscillating Edge Sander, Model 31-482; a Heavy Duty Oscillating Bench Spindle Sander; Model 31-483; and a Heavy Duty Oscillating Spindle Floor Sander, Model 31-484.
Delta is also introducing more than 95 abrasive SKUs to support these new sanders, and all sanders, with high-quality, long-lasting sanding products, including sleeves, belts, discs and strips.
“We are very proud to be able to expand the Delta offering in the sander category,” said Bryan Whiffen, president and CEO of Delta Power Equipment Corp. “We are not only filling out our product line in a very important woodworking category, but bringing an innovative new product to market in the Delta tilting spindle arbor design. With these new tools, Delta is continuing its tradition of offering woodworkers the very latest innovations and the very best in terms of capability and durability."
CAMO hidden deck fastener found at Home Depot
National Nail Corp. said its CAMO Hidden Deck Fastening System is now at more than 300 Home Depot stores, plus HomeDepot.com.
"We are excited to have The Home Depot offering the CAMO Hidden Deck Fastening System to their professional deck builders and homeowners," said W. Scott Baker, president and CEO of National Nail Corp. "Being in the aisle at The Home Depot validates what we believe — that CAMO is a unique deck fastening solution.”
The CAMO Hidden Deck Fastening System is described by its maker as a versatile, affordable, easy-to-install, hidden deck-fastening system designed for both professional deck builders and homeowners.
Decreases seen in mortgage delinquencies
A May 16 report from the Mortgage Bankers Association added another bright note to the housing market, with the percentage of U.S. homeowners behind on their mortgages falling to the lowest level since 2008. The delinquency rate for residential mortgage loans decreased 7.4% during the first quarter of 2012.
Foreclosures are not improving at the same rate, however. The percentage of loans in the foreclosure process as of March 31 was 4.4%, relatively unchanged from the previous quarter and down one basis point from 4.5% a year ago.
“Mortgage delinquencies normally fall during the first quarter of the year, but the declines we saw were even greater than the normal seasonal adjustments would predict, so delinquencies are clearly continuing to improve,” said Michael Fratantoni, MBA’s VP research and economics. “Newer delinquencies, loans one payment past due as of March 31, are down to the lowest level since the middle of 2007, indicating fewer new problems we will need to deal with in the future. The percentage of loans three payments or more past due, the loans that represent the backlog of problems that still need to be handled, is down to the lowest level since the end of 2008. Foreclosure starts are at their lowest level since the end of 2007.”
To view the whole report, click here.