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At Menards, Crestline reports wider offering

BY HBSDEALER Staff

Medford, Wis.-based Crestline Windows and Doors has considerably expanded its stocked product offering at Menards stores in recent weeks, the company announced.

Products now on the Midwest retailer’s shelves include several sizes and styles in the Select 200 Series, Select 250 Series and Select 300 Series.  Menards’ customers can access all-vinyl patio doors and windows right from the retail floor, with special orders of other Crestline product lines, sizes and styles also available.

“Menards has been a great partner for Crestline Windows & Doors and we are pleased to be expanding our stocked products in the stores,” said Mark Schield, owner of Crestline Windows & Doors. “Now it’s even easier for builders, remodelers and DIY homeowners to get Crestline products. You can’t beat the convenience of buying windows or patio doors at Menards.”

Crestline Windows and Doors manufactures wood and vinyl windows and patio doors. 

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Roofing group names president

BY HBSDEALER Staff

Roofing consultants group RCI named Sidney I. Hankins, as president of its board of directors.

Hankins, of Knoxville, Tenn.-based Roof Design and Consulting Services, was named president at the Annual Meeting of Members during the 29th International Convention and Trade Show in Anaheim, Calif.

First VP is Jean-Guy Levaque of Halsall Associates, Burlington, Ontario. Second VP is Robert Hinojosa of RJH and Associates of Miramar Beach, Fla.

 

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Existing-home sales slip 0.2% in March

BY HBSDEALER Staff

Dropping 0.2% to a seasonally adjusted annual rate of 4.59 million, existing-home sales largely flatlined in March, according to the National Association of Realtors. The March results are also 7.5% below year-ago levels.

The slight drop, which is down from 4.60 million in February, is the end result of sales gains in the Northeast and Midwest being canceled out by declines in the West and South.

“There really should be stronger levels of home sales given our population growth,” said NAR chief economist Lawrence Yun. “In contrast, price growth is rising faster than historical norms because of inventory shortages.”

The median existing-home price in March was $198,500, up 7.9% year-over-year. Total housing inventory rose 4.7% to 1.99 million existing homes available for sale, representing a 5.2-month supply.

Specifically, single-family home sales were the same in March as they were in February – 4.04 million — which is 7.3% below year-ago levels. The median single-family home price was $198,200, up 7.4% since last year.

“With ongoing job creation and some weather delayed shopping activity, home sales should pick up, especially if inventory continues to improve and mortgage interest rates rise only modestly," added Yun.

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