Rate of new-home sales rises in September
Sales of new single-family homes in September 2012 were at a seasonally adjusted annual rate of 389,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 5.7% above the revised August rate of 368,000 and is 27.1% above the September 2011 estimate of 306,000.
The median sales price of new houses sold in September was $242,400; the average sales price was $292,400. The seasonally adjusted estimate of new houses for sale at the end of September was 145,000, which represents a supply of 4.5 months at the current sales rate.
The stats follow by about a week a Census Bureau report showing housing starts increased 15.0% in September over August.
Senco acquires New Zealand’s Timbalok
Senco Brands has acquired Timbalok Fasteners, its principal New Zealand distributor, for an undisclosed amount.
“We are particularly excited about the opportunities Timbalok can bring to our company,” said Senco CEO Ben Johansen. “Founded by managing director Mark Glidden with the support of outside investors, Timbalok has been very successful in establishing itself as an industry expert in both the professional and industrial end markets. The breadth of industry knowledge Mark and his team bring to us will be a valuable addition to Senco in the region.”
Glidden and his team will report directly to Peter van der Wel, president of Senco International. Glidden’s extensive experience in power fastening include serving as retail manager for PDI Electrical and as general manager of Velux Asia Pacific, ITW, NWZ, Nylex NWZ and Placemakers NWZ.
Senco Brands manufactures a broad line of air-, battery- and gas-powered tools, including nailers, staplers and screw guns for professionals involved in wood-to-wood construction, remodeling and a variety of industrial applications.
Pecora acquires deck coating line
Pecora Corp., a manufacturer of weatherproofing products since 1862, has purchased Carlisle Coatings and Waterproofing Inc.’s (CCW’s) deck coating product line. The acquisition is part of Pecora’s growth strategy in the commercial construction sealants market.
CCW is a leading maker of commercial waterproofing and air and vapor barrier solutions. The company said it wants to shift its strategic focus on products and systems designed for the non-residential building envelope market. For Pecora, the addition of the elastomeric deck coating line adds new product lines and an established customer base, while promoting production and distribution efficiencies.
The purchase includes all brands and formulations of the deck coating product line. The products will be co-branded by Pecora and CCW for an appropriate period of time until the acquisition integration is complete and well understood in the marketplace. Until further notice, all orders will continue to be processed through CCW.
“Carlisle has been a great partner and supplier for years," said Joe Virdone, Pecora’s president and CEO. "This agreement provides us a better opportunity to manage our businesses. Very importantly, it also establishes a platform for Pecora to broaden our offerings in this changing marketplace."
Based in Harleysville, Pa., Pecora is an American manufacturer of architectural weatherproofing products, offering a full line of silicone, urethane and latex sealants and coatings.
Carlisle Coatings & Waterproofing provides a broad range of solutions and technical expertise to meet specific waterproofing and air and vapor barrier needs. CCW is a wholly owned subsidiary of Carlisle Construction Materials, which is a division of Carlisle Cos.