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Ace Adds Stores in Afghanistan

Ace has plans to enter the home improvement market in Afghanistan and has already partnered with Afghan entrepreneurs to open stores there. Ace Hardware International Holdings, Ltd., the company’s international division, has joined with managing owner Najib Safi and country …

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New-Home Sales Increase 2.3 Percent in April

Sales of newly built, single-family homes rose 2.3 percent to a seasonally adjusted annual rate of 454,000 units in April, according to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The gain builds on a …

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True Value Reports a Decrease in Gross Billings

True Value reported gross billings of $444.3 million for the quarter ending March 30, down 0.9 percent for the same period a year ago, due to a nearly non-existent spring and a decline in lumber and building material vendor direct …

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Builder Confidence Improves in May

Builder confidence in the market for newly built, single-family homes improved three points to a 44 reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for May. This gain, from a downwardly revised 41 in April, …

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