PrimeSource promotes Belt Clip nail center
PrimeSource is promoting an in-store display that it calls a belt-clip collated finish center designed to eliminate collated fastener guesswork.
For the end user, the belt-clip package design brings fasteners right from the shelf to the user’s belt for easy access at the job site.
The in-store display includes specific, easy-to-read fastener descriptions for its 1,000-count finish nails, brads and staples. The see-through packaging includes full-color fastener photos. And the display rack is described as “heavy duty.”
The “Finish Center” allows for category expansion with minimal space and minimal inventory investment, according to the company.
BlueLinx shakes up executive leadership
BlueLinx Holdings has announced that George R. Judd will no longer serve as president and chief executive, effective May 14, 2013. Judd will also resign as a director of BlueLinx following the 2013 Annual Meeting of Stockholders on May 16.
The board has appointed Howard S. Cohen to serve as executive chairman, while the board conducts a search for a successor to Judd. Cohen has been a director of the company since 2007 and has served as chairman of the board since 2008.
Cohen previously served as interim CEO from March 2008 through October 2008 and as executive chairman from March 2008 through March 2009.
"The board would like to thank George for his years of service to the company," said Cohen. "George was instrumental in leading the company through one of the worst economic downturns in recent history and has helped position BlueLinx to capitalize on the recovery in the U.S. housing market. We wish him well in his future endeavors."
Housing starts plummet in April
Housing starts fell back below a million. In fact, they’re well below a million.
Data released Thursday morning by the Commerce Department shows total housing starts for April at a seasonally adjusted annual rate of 853,000, down 16.5% from the March figure.
Analysts expected a decline — but not that much. Expectations were for an SAAR of about 970,000.
Things weren’t that much better in the single-family metric, which showed April starts at a rate of 610,000, down 2.1% from the March rate.
Compared to a year ago, total housing starts were up 13.1%.
Building permits showed improvement — up 14.3% to a rate of 1.02 million.