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Sears officials scout sites for headquarters

BY HBSDEALER Staff

An article in the Cleveland Plain Dealer reported that Sears officials were scouting sites in Ohio for a possible headquarters move.

Although the Hoffman Estates, Ill.-based retailer is considering a headquarters move, no decision to move has been made. Candidates are sites in Ohio and Texas. 

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KBIS changes date of its annual trade show

BY Ken Clark

As part of Chicago’s city-wide schedule adjustments to accommodate the G8 and NATO summits in May 2012, the Kitchen & Bath Industry Show (KBIS) has moved up its annual trade show and conference to April 24 to 26 at McCormick Place.

A conference will begin on April 23. Owned by the National Kitchen & Bath Association (NKBA) and produced by Nielsen Expositions, KBIS expects to bring together nearly 20,000 of the industry’s top dealers, designers, builders, remodelers, retailers and other professionals directly involved in the design and remodel of residential kitchens and bathrooms.

Organizers said the shift will have no impact to hotel rates or availability, and the NKBA and Nielsen do not anticipate any impact in the number of attendees or exhibitors at KBIS based on the date shift.

Candice Olson, host of HGTV’s “Divine Design,” is confirmed as the KBIS 2012 opening keynote speaker on the new opening day of the show on April  24. Previously, the show was slated for April 27 to 29.

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August home prices decline

BY Brae Canlen

CoreLogic, a provider of information, analytics and business services, has reported that home prices in the United States decreased 0.4% on a month-over-month basis, the first monthly decline in four months. According to CoreLogic, national home prices, including distressed sales, also declined on a year-over-year basis by 4.4% in August 2011 compared with August 2010. This follows a decline of 4.8% in July 2011 compared with July 2010.

Excluding distressed sales, year-over-year prices declined by 0.7% in August 2011 compared with August 2010 and by 1.7% in July 2011 compared with July 2010. Distressed sales include short sales and real estate-owned (REO) transactions.

Including distressed sales, the five states with the highest appreciation were: West Virginia (8.6%), Wyoming (3.6%), North Dakota (3.5%), New York (3.2%) and Alaska (2.2%).  

The five states with the greatest depreciation, including distressed sales, were: Nevada (-12.4%), Arizona (-10.7%), Illinois (-9.6%), Minnesota (-7.8%) and Georgia (-7.2%).

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