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Showroom Display Sale - Harbor Springs It’s time to refresh our Harbor Springs showroom. We’re pricing these displays to move quickly...

July 2010 Press & Charter

Join us for a Paslode Tool Day this month. Thursday July 8, in Gaylord, Tuesday July 13 in Harbor Springs and Wednesday July 14 in Petoskey. Tool cleaning and lunch will be available at each location.Read More...
Petoskey
(231) 347 2501
1-800-968-2501
Harbor Springs
(231) 348 2990
1-800-968 2990
Gaylord
(989) 732 8862
1-888-732-8862

May 2009, Preston Press & Charter

May Preston2009, Press & Charter

 

NAHB's Housing Market Index Suggests Market At or Near Bottom

NAHB’s April Housing Market Index (HMI) data suggests that the housing market may be at or near the bottom, The HMI, which measures builder confidence in the single-family housing market, jumped five points in April, the largest one-month increase in five years. The HMI now stands at 14, the highest level since October 2008.

NAHB Chief Economist Dave Crowe appeared on CNBC Power Lunch to discuss the HMI report and was also quoted by the Wall Street Journal. After CNBC business reporter Diana Olick interviewed Crowe, she appeared in a live exchange and posted an online article trumpeting NAHB’s concerns about AD&C issues. “The NAHB’s chief economist told me yesterday that the one thing really weighing on builders right now is lack of credit,” Olick said. “Affordability is fantastic, demand is supposedly out there, all pent-up, but without help from all those bailed-out banks, builders will inevitably hit a wall.”

In a press release announcing the new figures, NAHB Chairman Joe Robson said: “Some of the most favorable buying conditions in a lifetime are now in place, and they are drawing more consumers back to the market.”

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