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McCoy’s, Atrium give back to Habitat Texas

The pro dealer and window manufacturer donate $29,710.

BY HBSDealer Staff

McCoy’s Building Supply and Atrium Windows and Doors have donated $29,710 to Habitat for Humanity Texas.

As part of a special promotion, McCoy’s and Atrium contributed $5 to Habitat for Humanity Texas for every Atrium window sold Oct. 1-27, at McCoy’s Building Supply stores.

“We are so thankful for McCoy’s and Atrium Windows support of our Rebuilding Hope Campaign,” said Amy Ledbetter Parham, executive director of Habitat for Humanity Texas. “Research shows that when a disaster hits, most communities do not have the funds on hand to rebuild. McCoy’s and Atrium are helping make sure that communities can rebuild and flourish.”

Habitat for Humanity Texas and its 72 affiliates serve the state by providing advocacy on affordable housing, training and technical assistance, resource development, and disaster services.

Habitat for Humanity Texas also is focused on long-term recovery efforts in Hurricane Harvey-affected areas. The donation from McCoy’s and Atrium will be allocated to local Habitat for Humanity affiliates and home repairs for families and veterans.

“The Habitat vision of a world where everyone has a decent place to live truly resonates with us at McCoy’s. We also have a passion for people becoming homeowners, and we enjoy being a part of an industry where we are involved in this significant life event for our customers,” said Jessica Walshak, McCoy’s Marketing Manager. “Our relationship with Habitat for Humanity has long been ingrained in our company at very local and personal levels with affiliates. We are honored to make this donation alongside our vendor partner, Atrium Windows.”

Based in San Marcos, Texas, McCoy’s operates 87 stores, 3 distribution facilities, and 2 millwork facilities in Texas, Oklahoma, Arkansas, Mississippi and New Mexico.

 

 

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New home sales fall 8.9%

The decline leaves home builders with a 7.4-month supply.

BY HBSDealer Staff

Sales of new single‐family homes fell 8.9% in October to a seasonally adjusted annual rate of 544,000 from a revised September rate of 597,000, the Commerce Department reported.

The latest figures are also 12% below the October 2017 estimate of 618,000.

The decline leaves a seasonally‐adjusted estimate of 336,000 new houses for sale at the end of October, representing a 7.4-month supply at the current sales rate. This marks a 13.8% increase compared to September 2018 and a 32.1% year-over-year increase.

Also, the median sales price of new houses sold in October 2018 fell 3.1% from a year ago to $309,700.  The average sales price was $395,000.

Commenting on the latest report, National Association of Home Builders Chairman Randy Noel said, “The November reading is consistent with reports from our builders, who say that the job market and demographic tailwinds bode well for housing demand but rising interest rates and home prices are forcing customers to take a pause.”

Noel, a custom home builder from LaPlace, La. also noted that high home prices are partly to blame. “Policymakers should see this drop in sales as an indicator that housing affordability will continue to slow down the market.”

Regionally, new single-family home sales dropped 18.5% in the Northeast, plunged 22.1% in the Midwest, fell 7.7% in the South, and declined 3.2% in the West.

“Home sales declined this month as housing affordability continues to be a hurdle for consumers,” said NAHB Senior Economist Danushka Nanayakkara-Skillington. “While a solid economy and positive demographics support future demand for housing, it is critical to address this mounting affordability crisis.”

On a year-over-year basis, sales increased 6.3% in the Midwest, 4.1% in the West, and 3.8% in the South but fell 17.1% in the Northeast.

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Leadership moves at Marvin

At Marvin Windows and Doors, new presidents for Marvin and Infinity brands.

BY HBSDealer Staff

Company veterans Darrin Peterson and Dan Marvin will take on new roles at Warroad, Minn.-based window and door manufacturer The Marvin Companies.

Effective Jan. 1, 2019, Peterson, currently vice president of operations and customer services, will assume the position of president of Marvin Windows and Doors, and Dan Marvin, vice president of business development, will assume the position of president of Infinity Windows and Doors.

Darrin Peterson

Both will work directly with Paul Marvin, CEO of The Marvin Companies, to support the organization’s current and long-term business strategies.

“For the past three years, I have been honored to serve as president of our window and door brands,” said Paul Marvin. “Last year, I also assumed the responsibilities of CEO of The Marvin Companies, and these dual roles have given me a great working view of the organization. With the strong growth we are currently experiencing, as well as the aggressive annual growth plans of the enterprise, it became clear now is the time to adapt our current leadership structure.”

Peterson has served in a multitude of leadership roles during his nearly 30 years at Marvin. As President of Marvin Windows and Doors, he will be responsible for oversight of the Marvin Windows and Doors and Integrity Windows and Doors brands.

“Darrin’s significant experience at Marvin has not only given him a broad view and deep understanding of all aspects of our business, customers, and industry, but also our values and culture,” said Paul Marvin. “He has a special ability to connect with and lead people.”

Dan Marvin

Since its earliest days, Dan Marvin has built and led the Infinity Windows and Doors business in a variety of roles, the company said. As president of Infinity Windows and Doors, he will oversee the strategic direction of the brand.

“Aside from growing up in and around the business, Dan has 20 years of experience at Marvin, most recently leading the company’s business development and acquisition strategy. His deep expertise in the fenestration market is a notable asset for the Infinity team,” said Paul Marvin. “With Darrin and Dan leading these business units, we are truly putting our strongest foot forward to best serve the growing market and our expanding customer base.”

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