Q: Who will cut down the nets? A: Fiskars and Werner
Fiskars, has joined with the National Collegiate Athletic Association for the fifth consecutive year to become the official net-cutting scissors during the 2013 NCAA Men’s and Women’s Basketball Championships.
The tournament will also provide a stage for Werner, which is back as official ladder of the NCAA Basketball championship. The latter will be brought onto the floor for the winning team to cut down the nets, with the Fiskars scissors.
The list of sponsors for the tournament also includes Lowe’s, a Corporate Partner of the NCAA.
New-home sales take unexpected dip in February
Sales of new single-family houses in February 2013 were at a seasonally adjusted annual rate of 411,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.
The rate is 4.6% below the revised January rate of 431,000, but is 12.3% above the February 2012 estimate of 366,000.
The statistics came as a letdown after a big increase was reported for the month of January. Still, new-home sales are at a pace of 400,000 or higher for the second straight month. During all of 2012, the pace was under 400,000.
The median sales price of new houses sold in February 2013 was $246,800; the average sales price was $313,700. The seasonally adjusted estimate of new houses for sale at the end of February was 152,000. This represents a supply of 4.4 months at the current sales rate.