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Pending home sales decline in September

BY HBSDealer Staff

The Pending Home Sales Index, a forward-looking indicator based on contract signings, fell 4.6% to 84.5 in September from 88.6 in August but is 6.4% higher than September 2010 when it stood at 79.4, according to the National Association of Realtors. The data reflects contracts but not closings.

“A combination of weak consumer confidence and continuing tight lending criteria held back home buyers, even though the private sector added nearly 2 million net new jobs in the past 12 months,” said Lawrence Yun, NAR chief economist. 

The PHSI in the Northeast declined 4.7% to 60.6 in September but is 4% above a year ago. In the Midwest, the index dropped 6.2% to 71.5 in September but is 12.3% higher than September 2010. Pending home sales in the South fell 5.5% in September to 91.6 but are 5% above a year ago. In the West, the index declined 2.1% to 105.8 in September but is 5.6% higher than September 2010.

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Education and motivation at the ProDealer Industry Summit

BY Brae Canlen

San Antonio — The ProDealer Industry Summit continued yesterday with a full educational program that covered everything from the latest U.S. census data and its impact on residential construction to succession planning for family-owned businesses.

Connie Podesta, a motivational speaker and executive coach, gave a well-received talk that helped audience participants identify their strengths and weaknesses using geometric shapes. David Vandenbroucke, a senior economist with the U.S. Department of Housing and Urban Development, delivered a dark short-term forecast but a brighter long-term outlook.

“I don’t have much comfort to give right now,” he said, citing the shadow inventory of foreclosed houses and the disproportionate amount of income consumers spend on housing. “We’re going to be seeing what we’re seeing for at least another couple of years.”

But like the Harvard Joint Center for Housing, Vandenbroucke predicted an upswing in housing construction based on growing population needs. “There is a long-term tide that is moving in, [and] it’s going to require building more houses,” he said.

A presentation on remodeling by Joe Emison, the founder of BuildFax, an organization that aggregates building permits from MSAs across the country, focused on the trend toward “comfort” remodels and repair work as opposed to renovations that increase the value of a home.

Jim Schaffer, a former LBM executive (Diamond Lumber, Erb Lumber and Builders Square) who now does consulting work for the industry, addressed the issue of employee compensation. Schaffer cited a Deloitte survey finding that 75% of the U.S. employment work force are either discontented, disengaged or discouraged. He warned the PDIS attendees that once the economy recovers, “It’s going to be your top performers that are visible in the [job] marketplace.” Among Schaffer’s suggestions were to avoid across-the-board salary cuts and hold managers accountable for employee retention.

A dinner banquet honoring TW Perry as Pro Dealer of the Year capped off day two of the conference. The event, which is co-sponsored by the National Lumber & Building Materials Dealers Association and Home Channel News, ends today with a tour of McCoy’s Building Supply in San Antonio.

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p.pupocnadandce says:
Mar-22-2012 01:37 pm

I enjoyed reading your
I enjoyed reading your article and found it to be informative and to the point. Thank you for not rambling on and on just to fill bad credit cash loans

annaparker says:
Mar-19-2012 03:13 pm

Very interesting website. I
Very interesting website. I know someone who participated at ProDealer Industry Summit and was very enthusiastic about it. I am a certified behavior analyst and after I took this degree I started to work for a real estate company where I saw changes through this years in the way the construction are made. New materials and lots of improvements make our life more comfortable.

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Mar-18-2012 06:53 pm

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Mar-17-2012 07:35 am

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Mar-16-2012 04:33 pm

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I like the way you described the topic with such clarity. This is something I have been thinking about for a long time and you really captured the essence of the subject. gutter guards Wildwood MO

A.SOcolov says:
Jan-31-2012 01:15 pm

For this kind of program I
For this kind of program I would recommend the rn to msn online, because those people don't really have time to get out too much - the gas is expensive. The good thing is that while learning you tend to forget about your problems, and this way you will surely overcome more easily your problems. I hope that this program will work out for everyone.

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Weyerhaeuser distributing Versetta Stone in NE, mid-Atlantic U.S. markets

BY HBSDealer Staff

Federal Way, Wash.-based Weyerhaeuser has announced it is now supplying Versetta Stone panelized stone veneer to northeast and mid-Atlantic U.S. markets. 

The product is a lightweight wall finishing material from Boral Stone Products. It has the look of natural stone, but installs faster and easier than traditional masonry.  Weyerhaeuser is distributing through its service centers in Baltimore; Easton, Pa.; Richmond, Va.; and Charlotte, N.C. 

“Weyerhaeuser has a strong reputation for quality and service, so this is a natural choice for expanding our distribution,” said Troy Ballard, market development leader for Boral Stone Products. “They’ve built strong relationships with remodelers, builders and dealers, and have the network in place to get products to customers fast.”

“We’re continually looking for top-notch products to add to our distribution offerings,” added Roger Gilley, product manager for Weyerhaeuser Distribution. “Versetta Stone panelized stone veneer is one of those innovative materials that helps contractors do their jobs easier.  It’s a great companion product to the siding and other finishing materials we supply.”  

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k.kii says:
Jan-31-2012 10:13 am

Because they’ve built strong
Because they’ve built strong relationships with remodelers, builders and dealers, and have the Ios On Android Phone network in place to get products to customers fast.It is so great.

C.Ciantar says:
Jan-30-2012 07:05 pm

This type of product sells a
This type of product sells a lot, good luck to them. They won't have any problems if they really set it up for fast delivery. TheGateKeeper (Muay Thai practitioner)

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