Versatex hires Jason Mora
Jason Mora recently joined Versatex as a market development specialist.
Based in Manchester, N.H., he spent the past three years building his skill set as a client service analyst with Mercer Investments of Norwood, Mass., and as a senior sales representative at Flagship Merchant Services, the transaction processing organization headquartered in Charlestown, Mass.
“One of Jason’s great strengths is his ability to make connections,” said VP sales Rick Kapres. “Not only does he understand the everyday challenges of residential construction, but he has problem-solving ability that’s based on knowing what building materials can do and the logistics of getting them where they need to be.
“With Jason on our New England team, the builders, contractors, and architects of the region will have a solid new source of technical information — as well as a service-oriented guy who anticipates what they’ll need to get the results they’re looking for."
Mora will report to Bill Naumann, the Versatex regional sales manager for New England, and work closely with the the dealer network in developing sales expansion strategies.
Versatex Trimboard products are manufactured by Wolfpac Technologies of Pittsburgh.
Foreclosure completions up slightly in August, starts fall
Foreclosure completions were up slightly in August at 48,000, though the numbers still represented a 26% decline, year-over-year, Market Realist reports. However, foreclosure starts dropped to 55,775, a 44% decline since last year and their lowest since Dec. 2005, according to RealtyTrac’s U.S. Foreclosure Market Report.
Judicial states like Florida, New Jersey and New York took away the highest percentage of foreclosures, while non-judicial states like California and Arizona experienced fewer.
Indeed, a CoreLogic report found that Florida led the nation in foreclosures in the 12 months ended in August, the Miami Herald reports. Nearly 17% of the nation’s 658,463 foreclosures in that period, or 111,000, were in Florida.
According to Market Realist’s Brent Nyitray, the national inconsistencies in foreclosure rates is directly linked to the geographic disparity in home price growth. Nyitray says that the lower home prices for distressed properties equal lower average selling prices for builders, which is reflected in the quarterly earnings reports of many homebuilders.
However, the promising outlook for starts suggests that homebuilders will continue to experience an overall improvement in market conditions as the country works through its foreclosure pipeline.