Chris Ryan and his wife, Jan, had always planned to turn their first home into a rental when they moved to a larger home as they watched the housing market collapse. “The market was down, and we didn’t want to …
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Retailer Builds Up Property Development in Local Community
Paul Gabbard hasn’t spent much time with a hammer. But he still has more than his fair share of construction knowledge. Gabbard, third-generation store owner of Malone Do it Best Lumber & Rental in Greenville, Ky., helped his father and …
Read More »Who’s Buying Houses? A Quick Look at Some Emerging Demographics
It’s an age-old tale: A new customer comes into your store and you find out he’s renting an apartment nearby. A couple of years later, he’s in the store buying paint and fixtures for his starter home. Down the road, …
Read More »Design & Construction Week: The State of the Housing Market
Experts from the National Home Builders Association (NAHB), Freddie Mac and Nationwide Insurance were on hand at Design & Construction Week, held Feb. 4-6 at the Las Vegas Convention Center, to discuss the housing market. They were hopeful about a …
Read More »U.S. Existing Home Sales Rise Modestly in December
U.S. home re-sales rose slightly in December after three monthly falls in a row, as record low mortgage interest rates and pent-up demand continue to sustain a recovery in the market. The National Association of Realtors (NAR) said on Thursday …
Read More »Builder Confidence Down Slightly in January
Builder confidence in the market for newly built, single-family homes fell one point to 56 in January from a revised December reading of 57 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). “Rising home prices, historically …
Read More »Hot Commodities: Five Ways to Cope with Fluctuating Raw Material Costs
Most retailers know there are just some things beyond their control. For those heavily selling building materials and lumber, constant changes in commodities pricing are almost always at the top of that list of variables. Between slowed domestic new-home construction …
Read More »Mortgage Rates Won’t Derail 2014 Housing Market
Home prices are rising, and so are mortgage rates, making it tough for would-be buyers, particularly first-time purchasers, to close a deal on a new place. Meanwhile, the looming threats of new mortgage rules and pending housing-finance reform are adding …
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