Menards plans new store for Green Bay area
According to an article in the Green Bay Gazette, Menards is planning a 162,340-sq.-ft. store for the village of Howard, near Green Bay, Wis.
The project has already received the approval of the local planning commission. The store is slated for a 19-acre site near U.S. 41 on Woodman Drive.
The newspaper reported that when the Howard store and a store in De Pere, Wis., open, the retailer will close its older store in Ashwaubenon, Wis. No date has been set for opening of the project, which requires Village Board approval.
New-home sales down 2%
Sales of new single-family homes in May 2011 dropped an estimated 2.1% over the previous month, according to figures released on June 23 by the U. S. Commerce Department.
May’s seasonally adjusted number, 319,000 units, was below April’s 326,000 units but 13.5% above May 2010’s new-home sales of 281,000.
The median sales price of new houses sold in May 2011 was $222,600; the average sales price was $266,400. The seasonally adjusted estimate of new houses for sale at the end of May was 166,000. This represents a supply of 6.2 months at the current sales rate.