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Modiani Kitchens adds new kitchen designer

BY HBSDEALER Staff

Modiani Kitchens and Interiors has hired a new kitchen designer. Linda Klein, Allied ASID, NKBA member (National Kitchen and Bath Association), is an expert in residential and commercial interior design and space planning.

Klein is a graduate of the University of Maryland with a bachelor’s degree in design and illustration. She began her career as the head designer of a high-end clothing company. After attending the Fashion Institute of Technology, she began designing and rendering residential spaces in New York City and New Jersey on a freelance basis.

She joined a Princeton, N.J.-based architectural firm in 1996 and worked there until 1999 when she left to open Linda Klein LLC, an interior design firm with expertise in kitchen and bath design, project management and space planning. She closed her company in 2012 when her family relocated to the New York area.

"We are thrilled that Linda has joined us. She shares our love and passion for interior design. Her expertise is traditional style design and her clients are from all over the tri-state area including South Jersey and Pennsylvania," said co-founder of Modiani Kobi Aharon.

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HCN Stock Watch: Leveling off

BY HBSDEALER Staff

It was a tough day for the stocks on Wednesday. Home Depot and Lowe’s were both down more than 1%.

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Strong showing, but slightly fewer improving markets

BY HBSDEALER Staff

A total of 247 metropolitan areas across 49 states and the District of Columbia qualified for inclusion on the National Association of Home Builders/First American Improving Markets Index (IMI) for August. This number is down from 255 metros in July, but it is about three times the number of metros that qualified for the list in August 2012.

“In all, 244 metros that were listed as improving in July retained that status in August, and this is an encouraging sign of the continuing housing recovery,” noted NAHB chairman Rick Judson, a home builder from Charlotte, N.C. “That said, we know that the pace of improvement is being hampered somewhat by challenges that builders and buyers are experiencing with regard to the availability of credit, materials, lots for development and labor.”

The IMI identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for at least six consecutive months. Three new markets were added to the list and 11 dropped from it in August. Newly added metros this month include Kankakee, Ill., Atlantic City and Ocean City, N.J.

“While the number of improving housing markets this August remains well ahead of the same month last year, the index is affected by seasonal softening in home prices just as we saw happen in 2012.  The metros that fell off the list this month originally qualified with very small home price improvements that have since slipped back,” explained NAHB Chief Economist David Crowe. “As house prices return to more normal levels in fully recovered markets, further IMI advancements will be more modest.” 

A complete list of all 247 metros currently on the IMI, and separate breakouts of metros newly added to or dropped from the list in August, is available at nahb.org/imi.

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