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HBSDealer Stock Watch: Thursday’s slips

BY HBSDEALER Staff

The stock market had some stragglers on Thursday, including TSCO, SHLD and HBP.

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Jones Stephens hires Yanka

BY HBSDealer Staff

Jones Stephens, a World and Main company, welcomed veteran plumbing marketer, Andy Yanka to the World and Main team as senior director of plumbing product management.  

Yanka is now responsible for leading all plumbing product initiatives across the retail, e-commerce and wholesale channels for both World and Main and Jones Stephens. The job description includes product strategy, product development, mix management, packaging and merchandising.

Yanka was most recently with American Water Works Company where he held the role of director of innovation and strategic partnerships. Prior to this, Yanka worked in the Masco Bath Unit of Masco Corporation in a product development leadership role.

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January starts dip from December’s pace

BY HBSDealer Staff

Housing starts in January were at a seasonally adjusted annual rate of 1,246,000, according to data the U.S. Department of Commerce released Thrusday morning. This figure is down 2.6% from the revised December estimate of 1,279,000. Yet, compared to a year ago, starts are up 10.5%.

Single-family starts in January rose 1.9% to a pace of 823,000 — a stat that points clearly at the multi-family housing sector as the cause of the month-to-month overall decline.

More good news for dealers: Permits increased 4.6% from the prior month at a rate of 1,285,000. On a year-over-year basis, permits are up 8.2%.

The biggest percentage gain in residential construction came in the Northeast, where total starts jumped 55.4% on a month-to-month basis. On the other extreme end of regional performance, total starts declined 41.3% in the West, compared to December 2016.

With the January residential construction report comes a revised look at 2016. The final tally for housing starts now stands at 1,174,300, up 5.6% from 2015.

Single-family starts in 2016 increased 9.4% to 781,600.

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