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Web Changes
This is where we'll announce the most recent
additions to our web site. If you've visited us before and want to know what's
changed, take a look here first.
We are continuing to add information and links to all of our available
products on a continual basis. If there is information you would like to see
here, please click "Contact" and we will get added wit the next updates.
Thanks for helping us be the most informative and complete roofing distributor.
Brett
Camco Has A New Location to Better Serve Your Needs...
Camco now has a store specializing in Vinyl Siding and Gutter Supplies.
Our new store opened in June 2007. We offer CertainTeed & Wolverine Vinyl
Siding, cut to length 5" & 6" Gutter coil ready to roll through your machine.
We also can supply you with Vinyl Replacement Windows, Copper Half-Round Gutters,
Copper & Galvanized sheet stock, Aluminum Columns, and Vinyl Shutters. We
look forward to having you come visit us at our new location.
Recent Product Additions at
Camco Roofing Supplies, Inc.
BITEC- We have recently added to our product offerings Bitec Peel &
Stick Modified cap sheets and base sheets. We currently stock them in:
- Gray
- Black Blend
- Tan Blend
- White
- Slate
Roofing Related News
Construction Spending Down 1.0% in October - December 01, 2006
- Construction spending decreased 1.0% in October. Private construction
decreased 1.5%, due to a weakening in both residential and nonresidential
construction. Public construction increased 0.8%. Recent and projected
national trends of declining house prices indicate it is unlikely the
economy will accelerate from a residential construction boom in the near
future. However, the Wednesday release of the Mortgage Banker Association
seasonally adjusted index of their weekly survey of mortgage applications
shows the significant drop to be in refinancing; purchases actually
increased. Therefore, although all the actual numbers for applications are
down, there is that bit of positive news in the residential market.
Currently, there is little expectation that the U.S. will benefit to any
great extent from the private capital investment multiplier effect (lodging
construction is the significant gainer for October), so any significant
growth in construction, and the economy as a whole, would have to come from
government spending or indirect effects of money policy. Although there is
soon to be a Democratic congress, a Republican presidency and a conservative
Fed Chairman make these possibilities seem unlikely.
New Home Sales Fell 3.2% in October - November 29, 2006
- New home sales fell by 3.2% month/month to 1.004 million annualized
units in October. Months of inventory increased slightly from September, but
the median price did firm. With house price appreciation weak and the
interest rate outlook largely benign for homebuyers, however, the
deterioration in the housing market, while not over, is likely abating. The
National Association of Homebuilders Housing Market Index has ceased its
free fall, and is ticking up a bit from a deep trough. The Mortgage Bankers
Association’s mortgage applications index for purchase is also low, but
stabilizing. Builders are trying to right the inventory overhang by holding
back on new construction and by aggressively pricing their homes and
offering plentiful incentives to homebuyers. These tactics are working to
some degree, as the months of inventory is stabilizing, despite the large
drop in home sales. The reported inventory numbers, however, do not include
cancelled orders. While builders are moving in the right direction, it will
take some time to work off these excesses. In the meantime, pricing power
will remain depressed, which will be a plus for home sales, although not
enough to generate sales growth and certainly not enough to elicit an
increase in residential construction. Consequently, the direct impact of
housing will remain a drag on the broader economy until the second half of
2007 and even then is not expected to add much to growth.
Existing Home Sales Up 0.5% in October - November 28, 2006
- Existing home sales picked up in October. Sales of existing homes
advanced a slight 0.5%, with the pace of sales up to 6.24 million units in
October. House-price appreciation is down again on a year-ago basis,
however, this month it is down by 3.5%. The months of inventory picked up a
bit to 7.4, although this number is not adjusted for seasonal factors.
However, it is unlikely that October’s modest gain marks the end of the
housing market’s descent. The outlook continues to call for a controlled
softening in the national housing market over the next several months.
Although there is some sense that the market may have bottomed, the excesses
have not been completely wrung out of the market. Indeed, inventories,
particularly for condos, remain high, which indicates that house prices have
further to fall. This month’s year/year decline in the median price reflects
a true decline in prices, as the regional share of home sales in the West is
increasing. The West has the highest median price and thus an increasing
share of sales in the West would tend to bias the median price. Some of the
October gain in sales likely results from the fact that mortgage interest
rates have declined slightly over the past several months and that house
prices, particularly in California and the Northeast, are falling. This
improvement in affordability, while slight, is encouraging some buyers to
jump back into the market. Leading indicators of housing demand, however,
suggest that this uptick may be short lived.
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