News

HIRI adds to membership list

BY HBSDEALER Staff

Stock Building Supply and Masonite are the two newest members of the Home Improvement Research Institute.

The new additions bring membership of the non-profit, research-driven Home Improvement Research Institute to 75.

Stock Building Supply is a Raleigh, N.C.-based pro dealer with 48 retail and distribution locations in 13 states. Masonite, based in Tampa, Fla., is a designer and manufacturer of interior and exterior doors.

Founded in 1981 as the Do-It-Yourself Research Institute, the name changed to the Home Improvement Research Institute in October 1989 to reflect an expansion in its research scope to include the professional remodeler segment of the home improvement market. Its mission is to be recognized as the primary authority for effective, useful information about home improvement products and services in North America.

HIRI is based in Tampa, Fla., and is managed by Lebhar-Friedman, the parent company of HCN.

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Housing starts bounce back

BY HBSDEALER Staff

Housing starts for the month of May rose 6.8% from April to a seasonally adjusted annual rate of 914,000, according to data released Tuesday morning by the Commerce Department. The revised April estimate stood at 856,000. 

The May total is 28.6% above the May 2012 rate of 711,000.

Single-family housing starts in May were at a rate of 599,000, which is 0.3% above the revised April figure of 597,000. The May rate for units in buildings with five units or more was 306,000. 

Privately owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 974,000. This is 3.1% below the revised April rate of 1,005,000, but is 20.8% above the May 2012 estimate of 806,000.

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Orchard Supply rebounds with flying colors

BY HBSDEALER Staff

Following a bullish day overall, Orchard Supply was up by 12.23% Monday after an asset acquisition deal with Lowe’s saved the company from Chapter 11 bankruptcy.

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