News

Pending home sales increased in May to the highest level since late 2006, suggesting a possible boost in sales as mortgage interest rates began to rise, according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based …

Construction has started at Home Hardware Stores Limited’s Eastern Distribution Centre in Debert, Nova Scotia. One of Home Hardware Stores Limited’s four distribution centers, the currently 350,000-square-foot Eastern Distribution Centre will grow by 236,000 square feet once the expansion is …

Orchard Supply Hardware has asked a judge to approve up to $3.125 million in bonus payments to keep top executives in their jobs while the company is being sold off to the highest bidder, according to the Silicon Valley Business Journal. …

Consumer confidence improved for the third straight month, according to the Conference Board Consumer Confidence Index. The Index now stands at 81.4, up from 74.3 in May, bringing it to its highest level since January 2008 (Index 87.3). “Consumers are …

Stock Building Supply Holdings Inc. filed an initial public offering (IPO), with the goal of raising up to $175 million, according to Reuters. Stock Building Supply, which is based in North Carolina and operates in 13 states, is backed by …

Knoxville-based House-Hasson Hardware just concluded its dealer market in Sevierville, Tenn., and company officials are reporting marked increases in both vendor and retailer attendance for the event. The company is crediting the increased attendance in part to the decision to …

Existing-home sales improved in May and remain solidly above a year ago, while the median price continued to rise by double-digit rates from a year earlier, according to the National Association of Realtors. Total existing-home sales rose 4.2 percent to a seasonally …

Rona Inc., the largest Canadian distributor and retailer of hardware, renovation and gardening products, has entered into an agreement to sell its Commercial and Professional Market division specializing in plumbing, heating, ventilation and air conditioning (HVAC) systems to Talisker Plumbing Corporation, …