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Pulte surveys renters on homeownership

BY Brae Canlen

A majority of renters who have been considering a home purchase intend to do so within the next two years, according to a survey conducted by home builder PulteGroup.

Among the top reasons renters indicated they have increased their interest in buying a home include:

• They like being able to call themselves homeowners (49%);
• They view it as a good financial investment (44%); and
• They need more space for their family/kids (36%).

The survey also revealed that deterrents — both real and perceived — still persist, preventing some renters from taking the leap. The top three reasons indicated by current renters for not purchasing a home sooner include:

• Not enough money for down payment (54%);
• The belief that renting is cheaper than buying (28%); and
• Uncertainty with employment status (23%).

"Clearly the dream of homeownership is alive and well in America, yet we still have a ways to go to ensure more renters are able to take that important step toward buying their first home," said Deborah Meyer, senior VP PulteGroup. "Homeownership is more attainable than ever with historically low mortgage rates and competitive pricing, as well as affordable new homes designed for first-time home buyers coming into the market.

"We are seeing a renewed sense of optimism, especially from young professionals and young families visiting our communities nationwide," she continued. "In fact, in the first quarter of this year, sales and traffic for our Centex homes, which caters to the value-conscious and first-time buyer, saw a significant improvement over last year — yet another sign of an improving housing market.”

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Beacon Roofing Supply promotes executive

BY Brae Canlen

Beacon Roofing Supply, the Peabody, Mass-based supplier of roofing and other exterior building products, has promoted Kent Gardner to executive VP west division. The company’s west division is currently comprised of three regions: Shelter Distribution-Midwest, Shelter Distribution-Southwest and Pacific Supply.

Gardner joined Beacon in 2005 and was promoted to VP in March 2007 and to senior VP in January 2011. Prior to that, he served in the U.S. Army.

Paul Isabella, Beacon’s president and CEO, said: "Mr. Gardner’s leadership skills have been key to many of the important changes that we have implemented in several acquired companies over the years. In addition, the results for the regions he has overseen have improved significantly under his direction. Kent’s work ethic and team-building skills will continue to serve Beacon well in the coming years."

Beacon Roofing Supply operates 193 branches in 38 states in the United States and across Canada.

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Yard worker pleads guilty to lumber scam

BY Brae Canlen

A former employee of Stimson Lumber Co. in Plummer, Idaho, has admitted to pocketing more than $500,000 for selling lumber to an unauthorized third party, while he was responsible for loading and unloading trucks for his employer, according to the U.S. Attorney’s Office for the District of Idaho.

Trevor Mokry, 32, pleaded guilty on April 23 in U.S. District Court in Coeur d’Alene to aiding the transportation of stolen goods. According to court records, between June 2007 and June 2011, Mokry admitted that he entered into an unauthorized "mill direct" sales arrangement with a business located in Spokane, Wash., which involved the business’ driver traveling from Spokane to Plummer to pick up lumber and then returning to Spokane. Mokry loaded the truck and received a check from the driver for the lumber.

Mokry sold Stimson’s lumber to the Spokane business without the permission or knowledge of Stimson and never paid Stimson for the lumber, according to authorities. In a plea agreement, Mokry admitted that he was paid $581,445.24 by the Spokane company for the lumber. The government is seeking restitution for the victim.

The case was investigated by the Federal Bureau of Investigation.

The charge is punishable by up to 10 years in prison, a maximum fine of $250,000 and up to three years of supervised release.

Sentencing is set for July 16, 2012. 

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May-24-2012 03:24 am

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May-06-2012 05:30 pm

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