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HCN Stock Watch: SHLD up despite losses

BY HBSDEALER Staff

SHLD (Sears Holdings) led the pack, jumping ahead 4.21% on Thursday despite reporting early this morning that its loss widened last quarter.

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Economist on home sales: ‘Activity remains tepid’

BY HBSDEALER Staff

Sterne Agee chief economist Lindsey Piegza had some words regarding Thursday’s existing-home sales report, and they weren’t particularly inspired.

Even though April saw the first increase in sales this year so far, the majority of that progress was riding on the volatile multi-family home market, Piegza explained. Multi-family units were up 7.3%, while single-family homes were only up 0.5%.

On a year-over-year level especially, sales were down 6.8%, and that number falls to 7.7% for single-family homes.

"Housing activity remains tepid with the vast majority of sales in the multi-family unit space," she said in a release Thursday. "After back-to-back months of declining sales at the start of the year, warmer spring weather hasn’t been enough to create noticeable momentum in housing purchases," sentiment echoed yesterday by NY Federal Reserve president William Dudley. "Industry insiders remain cautiously optimistic as we head into the key spring selling season, but with prices on the rise, many potential home-buyers are reportedly being priced out of the market."

Piegza added that lending standards may need to loosen if home values continue their upward trajectory.

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For the exterior: bark

BY HBSDEALER Staff

BarkClad is promoting a siding product designed to mimic the beauty of traditional poplar bark siding.

“We’ve been working for the past several years to perfect a sustainable alternative to natural bark siding, and SmartBark is the exciting result,” said Brian Summers, corporate operations officer of BarkClad. “We’re thrilled to be able to bring to the marketplace this ingenious new product that builds on our company’s long tradition of excellence.” 

Manufactured of a polymer blend in an innovative patented process, SmartBark has the texture and look of natural siding, but is resistant to weather and rot, and does not require the maintenance for pests and moisture like natural bark. 

SmartBark panels are 16 ins. by 18 ins. and can be used on exterior and interior surfaces, as full or partial house siding, on porches, decks and facades, or as accents inside the home. The siding is available in three natural colors — Weathered Brown, Medium Brown and Silverback Gray — or can be painted using any latex finish.

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M.Mask says:
Oct-24-2014 06:00 am

It is nice. It can be used as
It is nice. It can be used as wooden frame and painting it to give a perfect look. It is good to know that it can be used in interiors as well as exterior too. Can we used it as interior house painting denver ?

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