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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 ... Read More »

New-Home Sales Finishing 2013 on a High Note

Sales of newly built, single-family homes declined 2.1 percent to a seasonally adjusted annual rate of 464,000 units in November from an upwardly revised strong pace of 474,000 units in the previous month, according to data released today by the ... Read More »

Existing-Home Sales Decline in November, but Strong Price Gains Continue

Existing-home sales fell in November, although median prices continue to show strong year-over-year growth, according to the National Association of Realtors. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, dropped 4.3 percent to ... Read More »

Target Confirms Massive Credit Card Data Breach

Target

Target reported Thursday that its stores have been hit by a major credit-card attack involving up to 40 million accounts. Chief Executive Officer Greg Steinhafel confirmed earlier reports that a brazen data breach had taken place. In a statement, Steinhafel ... Read More »

Former Do it Best President and CEO Honored

An old friend and supporter of the hardware industry was recognized in Fort Wayne on Dec. 19, when Don Wolf, the retired president and CEO of Do it Best Corp., was awarded the Sachem Award. More than 300 people, including ... Read More »

True Value Adds to Board of Directors

Jared S. Littmann, co-owner of K&B True Value, in Annapolis, Md., recently was appointed to the board of directors for True Value. “As a local independent entrepreneur, I’ve developed a strong appreciation for the challenges we all face in retail,” ... Read More »

Builder Confidence Improved in December

Builder confidence in the market for newly built, single-family homes improved four points to a 58 reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for December. This gain reflected improvement in all three index components—current ... Read More »

Home Depot Looks to Offer Same-Day Delivery

Home Depot has announced plans to open new fulfillment centers in California, Atlanta and Ohio over the next two years in an effort to build the capability to offer same-day delivery. The move will cost the retailer at least $300 ... Read More »