January sees gains in sales of existing homes
Total existing-home sales, defined as completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 4.3% to a seasonally adjusted annual rate of 4.57 million in January from a downwardly revised 4.38 million-unit pace in December and are 0.7% above a spike to 4.54 million in January 2011.
The NAR figures were released Wednesday morning.
“The uptrend in home sales is in line with all of the underlying fundamentals — pent-up household formation, record-low mortgage interest rates, bargain home prices, sustained job creation and rising rents," said Lawrence Yun, NAR chief economist.
Total housing inventory at the end of January fell 0.4% to 2.31 million existing homes available for sale, which represents a 6.1-month supply at the current sales pace, down from a 6.4-month supply in December.
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Estetik cerrahi vücudun
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Yes the housing market is
Yes the housing market is rising, but for who and why. Many cities are having a economic crisis. Hidden money are being found, revenue and taxes growing utilites up but not the short term loans. Only the top 1% have money and they control everything else. Also why are cities pushing Historical District and that where low income live. Is this a take back the City at all cost or a control take over. This will all change as soon as the banks start getting rid of all those houses thay have been sitting on. I look for next year to be worse than this year.
"Sustained job creation?"
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Parr Lumber honored by Builders Group
Central Oregon Builders Association (COBA) has named Parr Lumber as its Materials Supplier of the Year at the organization’s annual Excellence Awards Gala. COBA, a nonprofit trade association, promotes high ethical standards within the building industry and provides services to its members who hail from Crook, Deschutes, Harney and Jefferson counties. COBA serves an important role in the region improving and upholding quality craftsmanship and encouraging best practices and ethical behavior from its members. A significant percentage of the area’s economy is affected by the health and success of the building industry.
“Parr Lumber is honored to be recognized as Materials Supplier of the Year by COBA, an organization whose standards are truly top-notch,” said David Hamill, CEO of Parr Lumber.
Parr Lumber serves both large production builders and smaller builders, remodelers and contractors. Recently Parr Lumber was also named Supplier of the Year by the Building Industry of Clark County.
Based in Hillsboro, Ore., the Parr Company consists of six distinct business units that operates 38 facilities in Oregon, Washington and Arizona including pro/retail building material yards, contractor focused facilities and cabinet outlets. . It was established in the Pacific Northwest in 1930 by Dwight Parr, Sr. The Parr Company remains a locally owned family business operated by the grandchildren of the founder.
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New decking line enters Lowe’s
The Empire Co., a wholly owned subsidiary of New Zealand-based Tenon LTD, has been selected as the exclusive distribution partner for Eastman Chemical Company’s new Perennial Wood decking product into Lowe’s stores.
Eastman is a Fortune 500 company with more than 80 years of history in acetylating wood pulp, according to the announcement. In 2010, 13% of Eastman’s total revenues were derived from sales of raw materials to the building and construction industry.
While Empire is the exclusive distribution partner to Lowe’s, Boston Cedar is Perennial Wood’s initial partner for distribution to the LBM channel.
Perennial Wood is real wood that has been modified to resist changes from moisture, such as shrinking, swelling and movement. It is made possible through TruLast Technology, Eastman’s proprietary modification process that provides a physical barrier throughout that is warranted to protect against rot, decay and movement for 25 years. Perennial Wood is three times more stable than unmodified wood, resulting in less shrinking and swelling that cause cracking, cupping and warping without sacrificing the beauty of real wood, the company said. The first commercially marketed product line is Perennial Wood decking.
Empire distributes softwood and hardwood molding and PVC trim throughout the eastern United States.
Tony Johnston, chief operating officer of parent company Tenon, said: “We believe the market receptiveness for Perennial Wood decking into the $4 billion North American decking and railing market segment will be strong, and that other outdoor applications will be equally well received in the future. We are very excited to be associated with the introduction of this new product platform, and we will be doing our part to ensure its success in the marketplace.”
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