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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

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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

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Market News
Study: New homes use less water than existing homes
New homes built to today’s standards use far less water than homes built 20 years ago, according to a new study. Newer homes saved more than 15,000 gallons of water per year when compared to homes built in 1990. The study also reveals outdoor water use accounts for 57 percent of total household water consumption, representing an area where significant savings could be realized.
Survey identifies outdoor living trends for 2010
First-time home-buyer tax credit expiring soon
Home prices send mixed messages

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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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