LUMBERYARDS

January sees gains in sales of existing homes

BY Ken Clark

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.

keyboard_arrow_downCOMMENTS

Leave a Reply

l.leochalohm says:
May-22-2012 10:00 am

Your article shows tells me
Your article shows tells me you must have a lot of background in this topic. Can you direct me to other articles about this? I will recommend this article to my friends as well. Thanks http://www.bestbirthdaywishes.com/category/birthday-wishes/

r.rendommotion11 says:
May-19-2012 05:48 am

This is a well written
This is a well written article on this subject. I have been looking at starting a new business and this is valuable information to help me in my decision. Thank you. Greg

p.poootfastlest says:
May-12-2012 10:00 am

I am currently teaching a
I am currently teaching a class and part of the curriculum involves this subject matter. Do you have any other posts I can look at regarding this? custom air conditioning filters

f.keskin says:
Apr-12-2012 02:48 pm

Estetik cerrahi vücudun
Estetik cerrahi vücudun birçok bölgesinde gerçekleştirilebilir, örneğin yüz, göğüs ve karın. tamponsuz burun estetiği Günümüzde estetik ameliyat olmak utanılacak bir şey değildir. Aksine hem tıp alanında oluşan gelişmeler, hem de tüm dünyada insanların yaşam standartlarının yükselmesine bağlı olarak güzellik kavramının estetik cerrahi plastik cerrahi içinde bir yan daldır. plastik cerrahi , Estetik cerrahi vücut imajının daha güzel ve mükemmele ulaştırılmasını sağlamak için yapılan ameliyat ve girişimlerle uğraşır. Burada tıbbi bir problemden çok estetik problemler söz konusudur.

H.Daniels says:
Mar-06-2012 11:08 am

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.

D.Norton says:
Feb-24-2012 01:42 pm

"Sustained job creation?"
"Sustained job creation?" What is Mr. Yun smoking?

TRENDING STORIES

POLLS

How much credit should be given to the co-op business model for the success of the independent hardware and building supply dealer over the last half century?
LUMBERYARDS

Parr Lumber honored by Builders Group

BY HBSDEALER Staff

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.

 

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How much credit should be given to the co-op business model for the success of the independent hardware and building supply dealer over the last half century?
LUMBERYARDS

New decking line enters Lowe’s

BY Brae Canlen

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.”  

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How much credit should be given to the co-op business model for the success of the independent hardware and building supply dealer over the last half century?