January 2012 News

Subaru Announces 5-Year Warranty
Industry-first warranty period covers generators and de-watering pumps.

U.S. GDP grows at 3 Percent Annual Rate in Q4 2011
For year, real GDP increased 1.7 percent in 2011.

Strategic Marketing for Construction Brands: Webcast March 15
Free webcast to address programs that emphasize new customer acquisition and retention strategies.

CSPC Extends Table Saw Comment Period to March 16
Comment period extended on controversial effort to require a specific active flesh detection technology for all table saws.

Japanese Company Announces Plans for Space Elevator
Nanotube-cable elevator would ferry materials and passengers to a space station in orbit 22,000 miles above the Earth.

DMT Diamond Stones Clean House in Independent Tests
Wood Magazine substantiates DMT performance and value.

Housing Inventories Drop, List Prices Rise
In a growing number of housing markets, sellers are facing less competition now compared to a year ago.

Sonnhalter Releases State of the Construction Industry Podcast
Podcast interviews STAFDA Executive Director Georgia Foley on industry challenges for 2012.

Intercorp Opens New Distribution Warehouse in Cleveland
New location complements existing DCs in Los Angeles, Chicago, Atlanta, Dallas, Houston and Portland.

Worldwide-Operating Buyer Groups Head for Cologne
Major retailers sending contingents to International Hardware Fair, March 4 to 7.

Deacero USA Acquires Mid Continent Nail Corporation
Company will operate under new name Mid Continent Steel and Wire; David Libla will remain as president and CEO.

Former Secretary of State Condoleezza Rice to Keynote STAFDA Convention
Will present keynote address at STAFDA 2012 Convention in Orlando on November 5.

New Residential Construction Edges Up in January
Privately-owned housing starts climb 1.5 percent for month.

DeWalt Goes Brushless
Brushless tools debut at IBS, and that's just for starters.

Roberto Lizano Joins CGW as Product Manager
Joins CGW from Pearl Abrasives.

Commission OKs First New Nuclear Reactors Since 1970s
Two nuclear reactors will begin producing power in South Carolina and Georgia in 2017.

Exclusive: Technology Boosts Opportunities for Surveying Equipment Dealers
As the lines blur between surveying and GIS, dealers can strategically reposition into both service and product sellers.

Ericson Manufacturing Wins Gold Healthy Ohio Worksite Award
Healthy Ohio Business Council recognizes Ericson's worksite health promotion and wellness programs.

Worldwide DIY Council Announces Exhibits for International Hardware Fair
Will use show to promote the 2012 North American DIY Store Tour.

Affiliated Distributors Announces Industrial Supply Division 2011 Year-End Results
Commitment to independent distributors yields double-digit growth.

Manufactured goods orders rise in December
Manufactured goods orders increased 1.1% to $466.2 billion in December

Remodeling Contractors See Dramatic Shift Toward Age-in-Place Projects
Nine out of 10 people age 50 and older say they want to age in their homes.

Bon Tool Issues New Master Catalog
Features 6,000 tools for the building trades.

NAHB Foresees Measured Growth in Residential Remodeling
Predicts residential remodeling will rise 8.9 percent in 2012.

Green Homes Market Expected to Increase Five-Fold by 2016, Up From $17 Billion Opportunity Today
Green remodeling is growing especially fast due to the economy and decline in new home construction.

Ford Motor Company Begins Construction on $1.1 Billion Expansion in Missouri
Expansion will add 1,600 jobs to plant.

Construction Employment Hits Two-Year High
But industry's 17.7 percent unemployment rate remains double overall rate.

U.S. adds 243,000 Jobs in January
The United States economy gained momentum in January, the second straight month of better-than-expected gains.

Wacker Neuson Ends Contract with Gehl
Will no longer manufacture compact excavators and wheel steer loaders for Gehl.

December 2011 Construction Advances 1.5 Percent over November
Nonresidential construction climbs 3.3 percent for month.

Generac Acquires Gen-Tran Corporation
Acquisition of complementary transfer switch products broadens residential product offering.

4-year Measure Authorizing FAA Programs Advances
Deal to allocate $63B for airport construction projects.

House GOP Unveils 5-year, $260B Transportation Bill
Measure would delegate more power to states to set priorities for projects.