EPA: Infill housing on the rise
A report examining residential construction trends by the Environmental Protection Agency (EPA) shows that nearly three out of four large metro areas saw an increased share of new housing development in previously developed areas during 2005-2009 compared with 2000-2004.
Known as infill housing, this type of development takes advantage of previous investments in existing infrastructure (such as water, sewer and roads), as well as preserving open space and reducing transportation emissions, according to the EPA.
The findings of the report indicate that infill has become a significant portion of the U.S. housing market. Among all 209 metropolitan regions examined, 21% of new homes were infill, while the remaining share was built on undeveloped land outside existing communities. Seventy-one percent of large metropolitan regions saw an increased share of infill housing development. Among 51 large metropolitan regions examined in this study, 36 saw an increased share of infill housing development during 2005-2009 compared with 2000-2004.
In San Jose, Calif., eight out of 10 new homes were infill. New York, Los Angeles and San Francisco all saw a majority of new home construction in previously developed areas during the same time period.
This EPA report examines data on the location of new home development in metropolitan regions, as well as data on pre-existing land cover. It also includes a listing of resources available to local, regional and state leaders who wish to coordinate land use, housing and transportation policies.
For more information on the report, prior studies and a map showing regional trends, click here.
Electrical wholesaler purchased by private investors
Richmond Electric Supply Company, Inc. has been sold to RESCO Acquisition, an investment group comprised of RESCO’s recently appointed CEO, Mike Bourn, and other private investors for an undisclosed sum.
Darryl Harman, who founded the company in 1983, was the seller. Matrix Capital Markets Group served as the financial adviser to RESCO Acquisitions.
RESCO operates as a full-line, stocking electrical wholesale distributor that serves residential and commercial contractors, the government and military, and industrial and OEM markets both on a regional and national scale. RESCO is headquartered in Richmond, Va., with additional locations in Norfolk and Farmville, Va., which opened in the fall of this year.
Sherwin-Williams sues Wooster Brush
Sherwin-Williams says its packaging is being infringed by Wooster Brush Co. and has sued the competitor to cease and desist.
An article in Crain’s Cleveland Business describes the lawsuit brought by Sherwin-Williams against Wooster Brush.
Sherwin-Williams claims that Wooster Brush Co. copied its packaging. Since around 2000, Sherwin-Williams’ Brush Keeper trade dress has a golden-yellow background, an American flag image and a color-coded stripe, indicating the type of brush in the package.