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Industry Dashboard for July 8, 2013

BY HBSDEALER Staff

The nation’s unemployment rate held steady at 7.6%. Consumer confidence is up, and gas prices are hovering at the $3.50 per gallon level.

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Freedonia predicts stark recovery for windows and doors

BY HBSDealer Staff

According to World Windows & Doors, a new study from The Freedonia Group, global demand for windows and doors is expected to reach $223 billion in annual revenue in 2017, a 7.1% change that is in stark contrast to its growth during the 2007-2012 period.

The company said in a statement that the recovery would be spearheaded by several developed countries, most notably China, which maintained the world’s largest window and door market in 2012 and is expected to make up 36% of total global demand in 2017. This is due in part to burgeoning incomes and home sizes in the country.

The United States, which saw declines in the market during the recession, is also expected to see gains of 10% or more annually through 2017. Europe’s recovery will parallel that of the United States but will not be as dramatic.

The report found that gains in developing areas will also contribute to growth, most notably in the Africa/Mideast and South America. The company noted that these regions will see a less exxagerated growth rate because they were less impacted by the global financial crisis and are thus starting from a higher base level in 2012.

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Kitchen of the week embraces smart storage

BY HBSDealer Staff

Thanks to its creative handling of storage space, Charlotte-area custom home builder New Old, LLC gained the national kitchen of the week spotlight at Cultivate.com for the week of June 26 – July 3. 

Homeowner, designer and builder Mary Ludemann was responsible for the innovative storage ideas that initially caught the site’s attention. Ludemann’s team whipped up a cottage kitchen layout out of a basic tract home design, showcasing New Old’s innovative approach to remodeling.

"I wanted to incorporate vintage details but focus on function and storage so the kitchen would meet my family’s needs, and I think we accomplished that," she said.

Cultivate.com is an kitchen inspiration site produced by Williams-Sonoma.

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