Houston Deere dealer to move
Houston-based Leslie Doggett Industries will be moving its Houston John Deere Construction Equipment dealership to a new location on the site of a historic Chevrolet dealership, according to the Houston Business Journal.
According to the article, it is estimated that Leslie Doggett paid $8.4 million for the 23.5-acre site.
Leslie Doggett recently became the nation’s largest John Deere Construction Equipment dealer after a successful acquisition of Rush Enterprises in September.
The $26.2 million venture gave Leslie Doggett exclusive rights to sell John Deere construction and forestry products for the entire state of Louisiana, east and southeast Texas, including all of the Gulf Coast from Louisiana to Brownsville, Texas. The company is also the largest Toyota Industrial Equipment dealer in the country.
Leviton’s Renu switches deliver color control
Levitons’s new line of Renu decorative switches, outlets and wall plates is designed to give new control to DIYers when matching these products to the colors of their rooms.
The Renu line comes in 20 different colors including basics such as "white on white" and more colorful hues such as "red delicious" and "toasted coconut." The faceplates are easily interchangeable, snapping in and out as needed without touching the electrical parts behind the wall, according to Leviton.
Home builders not surprised by lackluster starts
The housing starts pace of 529,000 was the lowest since October 2009, and consistent with what builders have been saying in recent surveys, according to the National Association of Home Builders (NAHB).
"While builders remain extremely cautious about new construction at this time, they are looking forward to putting their employees back to work as economic conditions improve over the new year – assuming they can obtain the necessary financing for new-home production," said David Crowe, NAHB chief economist.
And while building permits increasd 16.7% in December, Crowe noted that the rate received a boost due to building code changes that were expected to go into effect in several states this January.
"The latest government report indicates that builders are preparing for an anticipated improvement in buyer demand in the spring buying season by pulling more permits in hopes of soon replenishing the very tight inventory of new homes for sale," said Bob Nielsen, NAHB chairman and a home builder from Reno, Nev. "That said, it remains to be seen if the availability of financing for new construction and existing viable projects will improve in order to make building feasible and facilitate a housing and economic recovery."