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GAF’s Royal Sovereign Shingles turn 50

BY HBSDEALER Staff

GAF’s Royal Sovereign Shingles are celebrating a 50th anniversary.

First introduced as “Sovereign” in December of 1961, the shingle that has now evolved into GAF’s popular Royal Sovereign is celebrating its 50th anniversary. Initially launched as an organic shingle, Sovereign became one of the first glass mat shingles in 1972, and is one of the longest-running asphalt shingle brands on the market, according to the Wayne, N.J.-based GAF.

GAF, North America’s largest roofing manufacturer, has sold enough squares of Sovereign and Royal Sovereign Shingles over the past 50 years to circle the earth more than 200 times, the company said.

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May-07-2012 05:04 am

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AHMA Confidence Index declines

BY HBSDEALER Staff

The American Hardware Manufacturers Association’s AHMA Home Improvement Industry Confidence Index’s Current Situation Index declined in December to 229.2 from 266.7 in November (December 2008 = 100), while the Future Expectations Index also fell to 241.1 from 262.1.

“As we look forward to 2012, we are encouraged by some recent reports showing that the prolonged downturn in the economy may finally be poised for improvement," said Timothy S. Farrell, president and CEO of the AHMA. "We remain concerned, however, that while potential for progress exists, no definitive and sustainable growth can occur while unemployment rates remain at high levels and the housing market continues to struggle.”

In comparing current sales levels to year-ago levels, 55 percent of respondents said sales were higher in December versus year-ago levels, down from 64 percent in November.  For December, 25 percent reported sales were even, and 20 percent said sales were below year-ago levels.

Looking forward six months, 60 percent of December respondents said they expect sales to be above current levels, down from 76 percent in November.  In December, 30 percent of respondents said they expect sales to be even in six months and 10 percent expect sales to be below current levels.

Looking forward one year, 80 percent of respondents project sales will be higher, up from 76 percent who felt that way in November.  Fifteen percent of December respondents project sales will be even one year from now and five percent project sales will be below current levels.

 

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MyLowe’s on display at technology show

BY HBSDEALER Staff

The Mooresville, N.C.-based home improvement retailer’s MyLowe’s online product will be on display at the 2012 International CES show in Las Vegas.

The tech features of MyLowe’s include a card or key fob to track in-store purchases online; a digital home profile to create rooms and store floor dimensions, product details and notes for the home; and folders to organize projects and ideas.

The Jan. 10-12 consumer electronics show is one of the biggest trade fair’s in the country. 

 

 

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