Housing market: Some good news
Housing metrics are having a good week, as new home sales rose and the S&P/Case-Shiller Home Price Index set a record monthly gain.
According to the Commerce Department, new-home sales rose 2.1% in May to a seasonally adjusted annual rate of 476,000 new homes. The figure marks the highest level since July 2008.
Separately, data from the S&P/Case-Shiller Home Price Index showed that average home prices increased 11.6% and 12.1% for the 10- and 20-City Composites in the 12 months ended in April 2013. From March to April, the 10- and 20-City Composites rose 2.6% and 2.5%.
“The 10- and 20-City Composites posted their highest monthly gains in the history of S&P/Case- Shiller Home Price Indices,” said David M. Blitzer, chairman of the Index Committee at S&P Dow Jones Indices. “Thirteen cities posted monthly increases of over two percentage points, with San Francisco leading at 4.9%.
Atlanta, Las Vegas, Phoenix and San Francisco posted year-over-year index gains of more than 20% in April. San Francisco was the highest at 23.9%. Phoenix posted 12 consecutive months of double-digit growth.
Suncraft and Stanley deliver innovative TV wall mounts
Suncraft Solutions Inc. has teamed up with Stanley in the development of a new line of flat panel TV wall mounts that bring high-tech solutions to the DIY market and mark Stanley’s entry into the home entertainment sector.
The lineup includes 10 unique models, launching in July, that will harness Stanley’s brand recognition and make flat panel wall mounts more accessible to the average consumer.
"We are delivering innovation, ease of install and the trusted reliability of the Stanley brand to DIY consumers," said Michael Roach, executive VP and general manager of Suncraft Solutions. "With the Stanley brand, more consumers wil feel comfortable taking on the project, and Stanley provides the tools to do it."
In consultation with Stanely, Suncraft has made it its aim to simplify the installation process and develop innovative features such as click and release security tabs. The lineup’s premium model (TLX-350FM) features Easy Move gas shock technology that allows users to tilt, swivel, level or extend their screens up to 23 inches from the wall. Generally speaking, the wall mounts put a premium on slim profiles, with most models resting 1 inch from the wall.
The collection aims to drive down the average price point of wall-mount TVs for consumers. The suggested retail price for the TLX-350FM is under $230, with other models projected to cost as low as $40 or less for basic fixed mount solutions.
The wall mounts are compatible with LCD/LED and plasma televisions measuring between 26-100 inches and weighing up to 220 pounds.