Hammerhead promotes safety through tethers
A tool or any object dropped from a multi-level work site accelerates 22 miles per hour every second during the fall. That add ups to danger, according to the people at Hammerhead Industries, makers of the Gear Keeper tethering system for tools.
Gear Keeper tool and instrument tethers are built for heavy-duty industrial use with maximum breakage strength and durability, according to the company. Designed to survive extended salt water and chlorine exposure, Gear Keeper retractable tethers are built with a patented flushing system that self clears debris from the retractor mechanism. Long lasting and tough, with more than one million systems in use, Gear Keeper systems have a failure rate of less than 0.001%, the company said.
“The Gear Keeper devices are extremely flexible and can be configured for a wide variety of uses,” says John Salentine, VP of Ventura, Calif.-based Hammerhead Industries. “For example, the belt clip system provides a secure mount that allows the Gear Keeper to rotate a full 360 degrees, while the shoulder strap system offers a comfortable solution when used with our innovative Gear Slide feature that allows the tool to move on the strap without the strap moving on your body. This is a great option for heavy use applications.”
Gap in data on 2010 homes sales
The National Association of Realtors (NAR) is re-examining its existing-home sales estimates after questions have been raised about how it derives its numbers, according to an article in the Wall Street Journal. NAR may have overstated the number of homes sold going back to 2007, the article said.
The discrepancy arose when NAR reported that 4.9 million previously owned homes were sold in the United States in 2010, a decrease of 5.7% from 2009. CoreLogic, a real estate analytics firm based in Santa Ana, Calif., counted 3.3 million — a 10.8% drop.
The bigger decrease means a larger backlog of unsold homes on the market that compete with new housing sales.
CoreLogic bases its estimates on property records through local courthouses. The NAR primarily uses a sample of sales data reported by local multiple-listing services. But consolidation among these services may have resulted in over-counting, according to Lawrence Yun, NAR’s chief economist. Yun told the Wall Street Journal that CoreLogic may have understated the number of existing homes sold last year, but said the NAR is re-examining its data.
The newspaper also reported that several economists approached the NAR last year with concerns about its sales modeling, and the group promised to study the issue on a December conference call with representatives from the Mortgage Bankers Association, Fannie Mae, Freddie Mac, the Federal Reserve, the Federal Housing Finance Agency and CoreLogic.
Police break up building materials theft ring
After an eight-month investigation, police from several Oregon and Washington counties served search warrants on seven Portland-area houses and recovered approximately $1 million of stolen building materials, according to an article in The Oregonian.
Much of the recovered material — roofing shingles, siding, rebar and power tools — had been stolen from local businesses and was being offered up for sale on Craigslist and eBay, police said.
Authorities arrested Steven Terrill, 38, whom they accuse of being the ringleader of a network of suspects stealing vehicles and other items, creating fake credit cards and selling stolen property. Terrill was taken into custody just before dawn on Feb. 17, as he returned to a small white house in the Northeast section of Portland. The homes was elevated 12 ft. in the air and supported by a crisscross of steel beams, large house jacks and thick wooden blocks, all of which had been stolen from local businesses and construction sites, police said.
Ted Nisley, a branch manager at Allied Building Products Corp., arrived later to help identify materials. His crew recovered nearly $6,000 in allegedly stolen materials.
Allied workers carried out 90-lb. bags of roofing shingles and dropped them onto a large truck, as others hauled out long pieces of rebar or power tools.
At least five other individuals were arrested as part of the bust. KATU News reported that among the recovered building materials were windows destined to be installed in Terrill’s elevated house, which he was renovating.