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Lewis plays role in Living Spaces opening

BY HBSDEALER Staff

The latest Living Spaces home furnishings store in Phoenix features a collaboration between the California-based retailer and home improvement TV star Jeff Lewis.

As Living Spaces’ Creative Director, Lewis’ designs and curated rooms can be viewed in the store’s “Styled by Jeff Lewis” gallery. Lewis hosts Bravo’s Flipping Out and Interior Therapy

Located off the 10 freeway at the 67th Ave. exit in Phoenix, the Living Spaces Phoenix showroom is the company’s second location in Arizona. 

Other shopper benefits include a non-commission sales staff, complimentary design consulting, a supervised kids’ fun room and Living Spaces’ 110% Low Price Guarantee.

The retailer serves California and Arizona with 11 retail locations and distribution centers in Rialto, Calif., and Phoenix.

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NAHB analyzes March starts

BY HBSDEALER Staff

With the buying season just around the corner, the National Association of Home Builders has studied the March housing starts data and sees improving signals.

Led by a 6% rise in single-family starts, nationwide housing production rose 2.8% above an upwardly revised February rate of 920,000 to a seasonally adjusted annual rate of 946,000 units in March, according to the figures from the U.S. Census Bureau.

“We see improving signs of new-home construction as we move into the spring buying season,” said Kevin Kelly, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Wilmington, Del.  “The strongest recovery is in the Northeast and Midwest, where builders were hampered by severe winter weather earlier in the year.”

The March report "is in line with our forecast of a gradual strengthening in the housing sector in 2014,” said NAHB Chief Economist David Crowe. “However, several uncertainties including tight credit conditions for home buyers and erratic job growth are making builders cautious about getting ahead of demand.”

Single-family housing starts rose 6% to a seasonally adjusted annual rate of 635,000 units in March, while multifamily starts fell 6.1% to 292,000 units.

Regionally in March, combined single- and multifamily housing production rose strongly in the Northeast and Midwest with gains of 30.7% and 65.5%, respectively, but fell 9.1% and 4.5% in the South and West, respectively. 

Overall permit issuance fell 2.4% to 990,000 units in March. The Northeast and Midwest posted gains of 33.3% and 26%, respectively, while the West was unchanged and the South posted a 17.1% decline.

 

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HCN Stock Watch: SHLD up 14.08%

BY HBSDEALER Staff

Sears Holdings (SHLD) soared 14.08% on Thursday after board member Thomas Tisch disclosed that he purchased 475,000 shares of stock in the past two days.

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