CAMO SCREW OFF! Finals – Winner Announced!

FOR IMMEDIATE RELEASE Contact: Maureen Murray

973-993-1570

precise2@optonline.net

Otis Nelson of Modern Roofing & Siding in Ashland, Maine Wins Harley-Davidson® Grand Prize at National Nail’s CAMO® Screw Off!™

Grand Rapids, MI – Otis Nelson of Modern Roofing & Siding in Ashland, Maine, is the Grand Prize winner at National Nail’s CAMO Screw Off! held at the Northeastern Retail Lumber Association (NRLA) LBM Expo in Providence, Rhode Island on Feb. 14, 2018. Representing his dealer SW Collins in Presque Isle, where he first qualified, Nelson beat out 28 other competitors in the action-packed deck fastening event to win a 2017 Harley-Davidson® motorcycle.  There were 42 contractors who qualified from local lumberyard events this past spring and summer.

“The CAMO Screw Off was an exciting event, starting at my lumber dealer SW Collins all the way to finals here in Rhode Island,” said Nelson.  “It was a great way to learn more about CAMO’s deck fastening products. I can’t wait to take a cruise on the new bike!”

During the event, finalists faced off in a series of speed competitions with the winner moving onto the next round. The “Elite 8” then battled down to two finalists with Nelson taking first place with a winning time of 41.5 seconds. The other finalists were awarded cash prizes:

  • 2nd place — David Orgain, Birdseye Building Co., Burlington, VT representing his dealer Richmond Home Supply in Richmond, VT ($1,500 award winner)
  • 3rd place — Robert Smart of Building Smart in Freeport, ME, representing his dealer Hammond Lumber Company in Brunswick, ME ($500 award winner)
  • 4th place –Nathan Demers of Perkins Quality Construction in Middleboro, MA representing Mahoney’s Building Supply in Mattapoisett, MA ($500 award winner)

“We couldn’t have planned a more successful event,” said W. Scott Baker, CEO, National Nail. “The competition was intense–everyone came to win, with many of the contractors practicing for months. We congratulate Otis Nelson who gets to drive home a new Harley-Davidson® motorcycle.”

Designed by National Nail to provide hands-on experience with its CAMO Deck Edge Fastening system, the CAMO Screw Off was hosted by CAMO stocking dealers this past summer and fall in a series of deck fastening speed contests.  The unique system, comprised of propriety guides, drill bits and fasteners, fastens deck boards on the edge, to give decks a more beautiful, barefoot-friendly, fastener-free surface.

In the coming months, National Nail is expected to announce the details for the next round of CAMO Screw Off! events. For more information on the CAMO Screw Off!, visit www.camofasteners.com/screw-off

About CAMO Edge Fastening

CAMO Edge Fastening from National Nail delivers beautiful, fastener-free, Barefoot Approved™ results with virtually any wood, composite or PVC decking. CAMO offers a variety of guides, fasteners, and accessories, as well as a collated system to suit project requirements. For more information or to locate a dealer, visit CAMO Fasteners or call 1-800-968-6245. Be sure to “Like” @camofasteners on Facebook and @camodeckfasteners on Instagram.

Currently accepting labor and material pledges for the next Deck for a Soldier® build in New Jersey:

February 15th, 2018 UPDATE:  

The New Jersey crew is making some headway.  The building permit is in hand & the town graciously waived all related fees.  This is a wrap around porch and roof on a home in Bloomingdale, NJ. The soldier was honorably discharged with a severe back injury after serving two tours in Iraq. This Veteran has been commander of VFW and American Legion posts.  He has attended over 2000 Veteran funerals.  We are currently looking for labor and material pledges from NADRA members. Following are some of the materials we are in need of for this build:

  • 2 – 14″ – 16″ concrete form tubes
  • 24 – bags concrete mix
  • pressure treated 2″ x 8″ lumber
  • 300 – 320 sq. ft. of composite decking48 – 50 lineal feet of railing,
  • 6 – 8′ post wraps
  • Fir framing lumber for the roof and ceiling
  • plywood, felt paper, roof shingles, gutter and leader pipe,
  • PVC trim for fascias and beam wraps, flashing
  • vinyl siding
  • PVC lattice
  • hardware, nails and screws.

These materials are all approximate, we will supply exact amounts in the near future.  To make a pledge for material or labor, please click here:http://bit.ly/NADRAD4SPledgeForm.  Thank you for your consideration. We look forward to working on this build with you.

 

January 18th, 2018: UPDATE:

Call for Action!

The Northeast Region is getting things in order to start a Deck For A Soldier® build in New Jersey.  This is a wrap around porch and roof on a home in Bloomingdale, NJ. The soldier  was honorably discharged with a severe back injury after serving two tours in Iraq. This Veteran has been commander of VFW and American Legion posts.  He has attended over 2000 Veteran funerals. He has a son who is wheelchair bound with Duchenne muscular dystrophy.   We will be submitting the permit application in the next week or so.  We are asking for labor and material pledges for this project.  Following are some of the materials we will need:

Their deck is in bad shape and needs to be replaced.  This veteran has done two tours in Iraq and has been commander of VFW and American Legion posts.  He has attended over 2000 veteran funerals.

  • 2 – 14″ – 16″ concrete form tubes
  • 24 – bags concrete mix
  • pressure treated 2″ x 8″ lumber
  • 300 – 320 sq. ft. of composite decking48 – 50 lineal feet of railing,
  • 6 – 8′ post wraps
  • Fir framing lumber for the roof and ceiling
  • plywood, felt paper, roof shingles, gutter and leader pipe,
  • PVC trim for fascias and beam wraps, flashing
  • vinyl siding
  • PVC lattice
  • hardware, nails and screws.

These materials are all approximate, we will supply exact amounts in the near future.  To make a pledge, please click here:http://bit.ly/NADRAD4SPledgeForm.  

Thank you for all of your support!

Basic Post Footer Considerations:

 

 

*SPONSORED CONTENT*

Most decks are supported by posts and whatever is underneath that post can be considered a post footer. The essential function of a post footer is to increase the surface area over which the weight of the structure is disbursed. The weight of the deck, usually measured as dead load, live load, and snow load, is transferred downward through the post. By using a footer at the bottom of your post-hole, the weight is spread over a larger area, preventing the post from sinking. AG-CO, a NADRA member, makes FootingPad®, an innovative composite post footer.

Other critical measures related to footers include:

-Compressive and tensile strength of the material used in the post footer

-Size of the footer

-Size of the post

-Distance between the edge of the post and the edge of the footer

FootingPad is thoroughly tested by NTA, an independent engineering lab. FootingPad is ICC code compliant (ESR-2147). Click here for a pdf copy of the report.

FootingPad makes building easier, faster and is a proven replacement for concrete in most applications. See more at footingpad.com

Organizational Announcements, Viance

FOR IMMEDIATE RELEASE
February 6th, 2018
Charlotte, North Carolina
Contact: Viance, LLC
800-421-8661
productinfo@viance.net

Viance is pleased to announce that effective February 5th, 2018 Edie Kello joined Viance as Director of Marketing, reporting directly to John Hussa, President of Viance.

Edie’s background includes over 15 years of leadership in marketing, advertising, communications, product development and sales. She has developed and implemented marketing strategies for B2B and B2C and her core competencies include digital marketing, lead generation, advertising, market research, product development and sales.

Most recently, Edie ran her own Marcom firm, Kello Creative LLC, which provided numerous creative solutions for manufacturers, service companies and marketing firms. Edie also previously worked for Fiber Composites dba Fiberon as Director of Marketing Communications and U.S. GreenFiber as Marketing Manager.

Edie has a broad knowledge of the building and construction industry and a detailed knowledge of the residential decking market.

Viance is also pleased to announce that effective February 7th, 2018 Anya Martin will join Viance as Digital Brand Advocate, reporting directly to Edie Kello.

Anya’s background includes working at Macy’s Corporate Headquarters, New York, NY, in Digital Merchandising and Belk Corporate Headquarters, Charlotte, NC, in digital web content.

These two appointments, along with newly established ties to outside marketing agencies, will significantly strengthen Viance’s marketing capabilities to further promote our treated wood solutions for customers and retailers and further support common initiatives within the treated wood industry.

Manufacturers share highlights from International Builders Show

NADRA Vice President, Heath Bowman attended the International Builders Show alongside President, Matt Breyer & several NADRA Committee members and NADRA ambassadors.

“It was great spending time with all of the NADRA members who participated in IBS.  Each booth we visited told stories and showed excitement about growth in sales, as well as, in new products coming.  I am personally excited to have accepted the VP position as it will allow me to be part of the industry in a more hands-on capacity.” Heath Bowman

NADRA Bronze level members, Screw Products, Inc.:

Three days can be a long time to stand on a trade show floor, but this year’s International Builders Show kept a steady pace and truly brought out the “International” for those interested in Screw Products, Inc. With growing interest from South America and even genuine interest with new friends in Africa!

From the moment we left the airport en route to our hotel, we knew this years show was going to be different. Different indeed. The IBS Marketing Team really stepped up their game this year with “Welcome” signage at the airport, as well as billboards along the way to the convention center! Well Done Team IBS!

Attendees were engaged and eager to learn. While we continued to have considerable interest in our overall Fastener line, our C-Deck Composite Deck Screws and DeckLok really caught the attention of many contractors. Several of which were proud members of the Great NADRA Team! Thanks for the continued support!

With hundreds of solid leads from contractors, dealers, distributors and fellow manufacturers, we are poised for a great 2018 at Screw Products, Inc. You won’t want to miss it! In fact, I hope they add an extra day to next year’s IBS! See you in Vegas!

AZEK® Building Products, NADRA Gold Level Members: 

AZEK Building Products had a great showing at IBS with a stunning new booth, showcasing more than a dozen new products.  AZEK® and TimberTech® each released three new colors to their premium decking lines.  AZEK’s Vintage Collection® launched Coastline™, English Walnut™ and Weathered Teak™ while TimberTech added Sequoia™, Espresso and Whitewash Cedar™ to its Legacy Collection.  TimberTech also announced an upgrade to its warranty, growing from a 25-year to a 30-year limited lifetime warranty.

AZEK also ran various demonstrations, highlighting a new and expanded line of Adhesives & Accessories for cellular PVC trim and moulding. The company also released various new deck fasteners, including additional color options for TOPLoc® by AZEK and a new hand-driven option of FUSIONLoc®.

Finally, AZEK® Trim & Moulding showcased 6 new surrounds for windows and doors, providing contractors even greater architectural options to present to homeowners.

Check out AZEK’s highlight reel on their YouTube channel!

 

CAMO Fasteners, a Bronze member of NADRA had a great show at IBS.  We interacted with a lot of fabulous deck builders and demoed our CAMO products.

The International Builders’ Show is THE trade show of the year — and a great way to start 2018 says NADRA members, Feeney, Inc.! This year was especially big for Feeney, as we unveiled our new brand evolution: new logo, new booth, all new packaging, and new literature! We got great feedback from contractors, architects, retailers, and other vendors. Folks were WOWed by our new look! We also unveiled two new products:

DesignRail® Kits: a complete modular aluminum railing system

CableRail Conceal Kits: a low-profile alternative to our original CableRail Kits

Optimism was high at the show, folks were positive about the year ahead in the building and remodeling industries. We noticed more VR games and displays in booths: you could tour a model home or a sustainable quarry in Brazil, and even smash up an old water heater with a lightsaber! We had a great time touring the show, talking to folks at Therrawood (who had our CableRail on display in their booth!), Camo Deck Fasteners, Home Advisor, Houzz, Use Natural Stone, Architectural Grille, and 84 Lumber. We even did some live streaming on Facebook at our booth on Day 3. Thank you to all who stopped by!

Heather Marchand, NADRA’s National Programs and Marketing Director, walked the show visiting members.

“I so enjoyed walking the show floor and having the chance to stop and speak to as many members as my feet would allow! The IBS show is gigantic! I needed more time! It was a blast getting to sit down with so many familiar faces- and new ones. The weather was beautiful for the outdoor exhibits. Bob Heidenreich and The Deck Store crew did an outstanding job! I loved the little touches – such as the custom picnic tables. The highlight of my trip was probably the warm, welcoming running hug I received from our members at AZEK. I love my job! I loved having the chance to see our members hard work pay off at this fast-paced, packed show. You all put a lot of time & resources into coordinating booth personnel, Facebook Live events, the displays, handouts, trinkets & novelty items & so much more. It showed! Job well done, friends! Now let’s get to work building, and get folks playing outside more… one deck at a time!”  Heather Marchand

The NADRA team met with members and prospective members at IBS. As you know, it’s a HUGE space to cover, and we missed many of you! We hope to see you throughout the year at various NADRA events and shows. Please stay in touch! If you’d like to send us photos and a brief recap from your experience at the International Builders Show, please send images, links and recap to Info@NADRA.org. We will keep this blog post updated with posts from our members that exhibited at the show! 

Take a look at members we saw along the way!

Reminder to all Handrail and Guard Manufacturers

Reminder to all handrail and guard manufacturers, in June 2017 ICC-ES approved significant revisions to AC273, Acceptance Criteria for Handrails and Guards.  NADRA recommends if you have an evaluation or code report for your product in accordance with this acceptance criteria you should contact the agency providing the report on how these changes will affect you.

In addition, due to these changes in AC 273, your Code Committee is interested in your input for discussing possible similar updates to AC174.

If you have feedback and information on your positions please send into: info@nadra.org where it will be forwarded to the NADRA Code Committee.

Witt’s Woods & Greens Dock and Deck Projects with CAMO® Edge Fastening System Wins Deck Awards

Jon Witt of deck building firm Witt’s Woods & Greens based in Ontario, Canada, selected the CAMO® Edge Fastening System for two award-winning projects entered in the North American Deck & Railing Association’s 2017 deck competition.

GRAND RAPIDS, Mich.  January 15, 2018

Jon Witt, owner of Witt’s Woods & Greens, selected the CAMO® Edge Fastening System for the construction of an award-winning two-story boathouse and dock on Sturgeon Lake, in Ontario. The North American Deck and Railing Association (NADRA) named the dock the second place winner in the “Best Dock” category as part of its 2017 National Deck Competition. Witt’s crew used Western red cedar decking and fastened the edges with the CAMO Edge Fastening System using the Marksman Pro®-X1. The result is a secure, fastener-free surface solution that emphasizes the beauty of the dock and its rocky, cliffside surroundings.

Witt also won 2nd place in the wood deck category for a 380-square foot Thermory-modified scots pine deck treated with CUTEK Extreme. The multi-tiered deck in Lindsay, Ontario, features CAMO on all deck surfaces, trim and accessories.

“The system allows the beauty of wood such as the red cedar to shine through, without surface screws detracting from the look,”says Witt, who notes they discovered CAMO when they had to return to repair a deck where the surface face screws were out of alignment. “Aesthetics are very important to us as wood installers and we didn’t want to have that problem again.”

Located on Sturgeon Lake, the two-story boat house has 980 square ft. of deck area and sits at the bottom of a 45-foot rock cliff alongside the cliff wall. The upper deck is waterproofed to keep the boat house dry below.

“We had a callback on a leak in the waterproofing system and, because we used CAMO, we easily pulled up several boards and reinstalled them without damage,” he says. “As another benefit, since the edge-fastening system keeps water from resting in the screw holes, it also helps avoid water penetration that splits the wood over time, giving the deck greater longevity.”

Witt’s Woods & Greens, located in Fenelon Falls, Ontario, has used CAMO as their primary fastening system for several years. They rely on the Marksman Pro-X1 with 1/16 of an inch spacing.

With the CAMO Marksman Pro-X1, Witt’s crew can quickly and easily deliver CAMO® Edge Deck Screws into the edge of solid or grooved deck boards for fast installation. It employs a simple technology that is easy to use. The contractors simply load the proprietary deck screws into the hand-held guides that position them to be driven into the edge of the deck boards and provide automatic gapping. Special driver bits are included with the screws to ensure depth of drive.

CAMO offers several guides including the Marksman Pro, Marksman Pro®-X1, MarksmanPro-NB and the no-gap guide, Marksman Edge™ which ranges in cost from $20 to $50. They work with virtually any decking material—composite, PVC, and most soft and hard wood species with variations to accommodate nominal 6-inch boards as well as narrow boards, and offer a variety of spacing choices, including a no-gap option for treated wood decks that can also be used with secondary spacers when wider gaps are desired.

“We use CAMO for house trim fasteners as well and always have it on hand as a standard stock item,” says Witt. “We like the CAMO system for decks because it’s quick and easy to learn, the presets only let it go as deep as it has to go, and it’s very user friendly. I can’t see us using anything else in the future–it’s too beneficial to our business.”

About CAMO Edge Fastening
CAMO Edge Fastening™ from National Nail delivers beautiful, fastener-free, Barefoot Approved™ results with virtually any wood, composite or PVC decking. CAMO® offers a variety of guides, fasteners, and accessories, as well as a collated system to suit project requirements. For more information or to locate a dealer, visit CAMO Fasteners or call 1-800-968-6245. Be sure to “Like” CAMO® Fasteners on Facebook.

MN Deck for a Soldier® build will be completed just in time for Christmas

 

DECEMBER 21ST, 2017 UPDATE

The crews in MN are wrapping up the build today! Below are some pictures.  Final photos will be taken tonight when the build is complete.

A serious shout out to Bob Lett and Mark Fisher from Wolf Home Products!  They FROZE and went the distance on this build, on top of almost $7K in materials. A very special thank you to Pat Noonan from Deck and Basement Co. who has tirelessly taken the lead role in putting this entire project together & kept it on track to finish before Christmas.

Gallery of images from the MN D4S Build: 

December 19th, 2017 UPDATE

*Updated

NADRA’s Deck for a Soldier® build in MN is moving along nicely. Our friends up North could use some cheering on. You can send encouragement by posting comments below. It’s been a cold few weeks and these guys are putting in some serious hours trying to wrap up this deck in time for Christmas. 

Pat Noonan from Deck and Basement Co., his team & the crew at Jigsaw Builders installed the framing for the new deck last week. Pat Noonan took the lead in custom bending the decking for the curved front at Pro Deck Supply and Lumberyard. As you read this, the guys are on site installing the Wolf brand decking. Bob Lett, VP of National Sales for Wolf flew in to help with the build along with with Mark Fischer. The crew from Infinite Decks are assisting with the install as well.

 

DECEMBER 6TH, 2017   UPDATE

The MN D4S project is ready to rumble. 

Props need to go out to the Brawlers from Crossroads Remodeling for TCB on the existing dilapidated deck/porch that was there.  I brought lunch to give them some afternoon energy and they were raking up the last shards of wood, not quite sure how they did all that in 4 hours.

Craig and Craig (no joke) from GoliathTech got the build started installing their Helical footings with a balmy -2 windchill and snow on the ground.  Although with a fresh layer of ice out on the roads I think it took them way longer to drive there than it did to actually set the footings.

It took Mark from Infinite Decks about 2 minutes on the site to sell me on his curves.  We decided if we are going to do this thing it lets do it right, big and nice curves.  Check out his awesome renderings of the masterpiece we are about to create.

Looks like Santa Claus from the Deck Store in Apple Valley is going to give us an early Christmas present by donating all the green for the project.  Thanks Bob-we really appreciate your support!

Framing starts next week with the team from Deck and Basement and Jigsaw Builders-with a projected high of 15 on Tuesday they better be working fast to keep themselves warm…

-Pat Noonan

November 21st, 2017   UPDATE

Just a quick update as this Thanksgiving week winds down.  One of the things that we should all be thankful about are the men and women who keep our great country safe.  Please be sure to say a Thanksgiving prayer for all of our armed forces both home and abroad.

The Minnesota region has begun it’s Deck for a Soldier® project on a Veterans home.  They have torn down the old deck and are getting ready to begin the build once permits are in order.  They may still need a pledge of pressure treated lumber for the framing, so if you can help please click on this link  or contact myself or Pat Noonan.  We are also looking someone to pledge a plaque that would hang on or near this deck to acknowledge the NADRA Deck for a Soldier® program for donating the deck.  Again, please click on the provided link or contact one of us.

The Northeastern region is currently drawing up the plans and will get the permit paperwork submitted in the near future.  They are hoping to begin their build in January or February.  Once this project gets closer we will be looking for pledges for this project as well.

I hope that you all are able to spend quality time with friends and family over the Thanksgiving holiday.  Happy Thanksgiving to all!

Best Wishes,

Bruce Verblaauw – NADRA National Deck for a Soldier® Committee Chair

Cell 201-803-2909

November 17th, 2017 UPDATE:

Day 1: Tear Down:

NADRA Members, Crossroads Remodeling headed to the site for day 1 of the Deck For a Soldier® Transitional Housing project in Minneapolis. Rick and his team has a huge heart for this program.

Thank you NADRA, Pat Noonan and the other contributors for such an honorable program.” – Rick Wooton – Owner, Crossroads Remodeling

 November 15th, 2017 UPDATE:

NADRA Members begin building a deck for Minnesota Alliance Council for Veterans (MACV)
NADRA members in MN got together to plan this years Deck for a Soldier® build. They chose MACV as their recipient. This worthy organization runs multiple transitional living homes for Veterans in crisis to help them get back on their feet and back into their own independent housing.  One of their homes has an old deck that has been condemned by the City of Minneapolis and is literally falling apart.
Pat Noonan, Deck and Basement Company is leading the project with the support of many local members. Pat writes to the crews just this morning:
Welcome to NADRA and thank you for supporting this worthwhile organization. As a member for 10 years I can attest to the knowledge, friendships and networking I have gained since joining.  Great to hear that you may be interested in helping with our D4S project, I have attached information on the recipient and project details.  We are planning to demo on Friday and finalize plans early next week once we have existing deck removed.  I will send permit plans to you as soon as we have them.  Hoping to have permit and be ready for footings the week after Thanksgiving. Thanks for your support, feel free to reach out with any questions.”
Pat

 

Stay tuned for more updates.

 

 

 

 

 

 

 

 

 

 

 

November 2nd, 2017 UPDATE:

Minnesota Deck for a Soldier® Update: Several deck builders are getting ready to get the ball rolling on a Deck for a Soldier® build for the Minnesota Assistance Council for Veterans at one of their Structured Independent Living Facilities. This is a non-profit organization that helps needy and homeless veterans get back on track. We are currently looking for material and labor pledges for this project. If you would like to become involved please click on the banner to make your pledge. 

Once you fill out the pledge form we can pass your information on to the lead builder, Pat Noonan. It is important for you to fill out this pledge form so your information goes into the Deck for a Soldier® database. For those of you that pledge, please feel free to market the fact that you support NADRA’s Deck for a Soldier® program. This can help you market your products while you help us market this great program. You can also find sponsorship opportunities on the pledge form at the bottom. Thank you in advance for supporting this great cause that is very near to all of our hearts!

Bruce Verblaauw
NADRA National Deck for a Soldier Committee Chairman

 

NADRA Member Spotlight: DOCK & DECK, Jason Varney

Company Name: DOCK & DECK
Member Name:   Jason Varney
Position:  President / Owner
Member Category:  * Not just a deck builder. Dock builder and outdoor living contractor.
Location: Knoxville, TN

What inspired you to join NADRA?   Such a great group of people and the ability to help support the only group that promotes growth and expansion to our trade!

When did you first get involved with this industry?  Summer 2008

What was the first thing you ever built?  I started building log homes and timber construction professionally. The first build project I ever took on was a deck build on my own home.

We want to get to know you, please tell us a little about your business:  My business is DOCK & DECK. We specialize in marine construction, decks, and outdoor living spaces. I started my company in 2008. We currently do about 20 Decks a year and about 16-24 docks a year. It is a family business that I started and now have both my sons working with me one full time and one part time.

How do you define success?  I define success as happiness. If I enjoy what I have and what I do I am very successful. Success is not about how much money you have. It is all about how happy you are day to day.

What advice would you like to share with fellow members that you have learned in your career?  Each and everyone of the members bring a unique quality to the table. Share your knowledge and experiences and help the industry continue to grow. The biggest thing we can do as members is help showcase what we do and continue to bring youth into the field. Good quality construction is hard to find so share with others how you made it to this point

If you could ask your fellow industry professionals one question, what might it be?  What would you do differently or what was your biggest mistake in business? How did you overcome that?

What would you do for a career if you weren’t doing this?   I would run a charter fishing boat at a beach/ocean somewhere warm year round.

A little more about Jason: I am a very outdoors kind of guy. I enjoy spending my time outside with my family and friends. I have a pilots license, a motorcycle licenses, a captains (large boats) license, and enjoy all types of car and trucks. If it moves I like to operate it. My family is a huge part of my life and I get to work with them daily. Over the past two years besides running my business I have been the star in a TV show DOCKED OUT on DIY with Scripps Network and continue to work on new shows to share currently. Wife and kids are a part of the show as it focuses on what we do and how we run the business throughout the build process. I reside in Knoxville, TN.

Connect with DOCK & DECK:

 Website:  DockandDeck.com

Facebook:  Facebook.com/JasonVarneyTV

Instagram: JasonVarney

DOCK & DECK Photo Gallery: 

*A Member Spotlight winner will be chosen each month. For a chance to win, please fill out the questionnaire found  here .

US homebuilders feeling more upbeat than they have in two decades

WASHINGTON — U.S. homebuilders are feeling more optimistic than they have in nearly two decades.

The National Association of Home Builders/Wells Fargo builder sentiment index released Monday rose five points to 74 this month. That’s the highest reading since July of 1999, more than 18 years ago.

Readings above 50 indicate more builders see sales conditions as good rather than poor. The index has remained above 60 since September of 2016. The index exceeded the expectations of analysts surveyed by FactSet, who expected a reading of 70.

All three components of the index rose in December. The reading gauging builders’ view of single-family home sales rose four points to 81, while the outlook for sales over the next six months ticked up three points to 79. The measure of traffic by prospective buyers jumped eight points to 58.

The Commerce Department reported late last month that Americans bought new homes in October at the fastest pace in a decade — a 6.2 percent monthly increase — reflecting a strong economy but also a worsening shortage of existing homes for sale.

New home sales last month rose to a seasonally adjusted annual rate of 685,000, the third straight monthly gain and the best sales clip since October 2007.

Many buyers are turning to new construction due to an ongoing dearth of existing homes for sale. However, new construction has been unable to keep up with demand.

Potential buyers are searching for homes amid a healthy job market with a 4.1 percent unemployment rate and attractive 30-year mortgage rates that are averaging less than 4 percent.

— The Associated Press (Read the original story here