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Industry News
Pending home sales drop 7.6% in January
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in January, fell 7.6 percent to 90.4 from an upwardly revised 97.8 in December, but remains 12.3 percent higher than January 2009, when it was 80.5. January pending sales, though still higher than one year ago, remain much lower than expected given that a large number of potential buyers are eligible for the expanded home buyer tax credit. Moreover, the abnormally severe and prolonged winter weather, which affected large regions of the U.S., hampered shopping activity in February.
Existing-home sales down, prices steady
New-home sales decline in January
Consumer confidence drops nearly 11 points

more Industry News
Corporate News
Pella’s Jarred Roy earns NAHB Remodelers Chairman’s Award
Pella Corporation Trade Segment Manager Jarred Roy has earned the National Association of Home Builders (NAHB) Remodelers Chairman’s Award for Outstanding Service. As Pella’s trade segment manager, Roy develops and leads Pella’s trade marketing initiatives on behalf of the company’s branch network system in support of remodeler, builder, contractor and residential architect relationships.
CertainTeed plant diverts 24 million pounds of waste from landfills
Whirlpool starts online Cash for Appliances tool
Name change for Fiberon

more Corporate News
Market News
Mortgage application activity sees uptick
The number of mortgage applications for home purchases increased 5.7 percent last week compared to the previous week on a seasonally adjusted basis and was up 7.2 percent on an unadjusted basis. The refinance share of mortgage activity was as low as it has been since October 2009.
Study: New homes use less water than existing homes
Survey identifies outdoor living trends for 2010
First-time home-buyer tax credit expiring soon

more Market News



Magazine
February/March 2010

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Cover Story:
Leaving Nothing to Chance
Payne & Payne Builders in Chardon, Ohio, takes a calculated approach to managing its family-run success


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