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Newsflash

07-28-09 Home Sales Rise  New home sales nationally in June posted the fastest increase in more than eight years as buyers took advantage of bargain prices, lower interest rates, and a federal tax credit for first time homeowners. Although home prices are still falling in the U. S. and Utah, the figures might be another sign that the housing market is finally bouncing back. Construction levels are still weak because builders still have too many unsold homes. The market for new and existing homes below $250,000 has stabilized and is showing signs of improvement.

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  • IKEA Launches New Smart Lighting Line

    Following in the footsteps of GE, Phillips, and a host of others, IKEA is now officially offering its own line of smart lights scheduled to be available in the U.S. by the end of April.

  • JCPenney Gets Into the Remodeling Game

    Since 2012, not a year has passed that JCPenney didn’t close more stores than it opened due to falling revenue. Sales last year were down 30 percent from where they were in 2011, according to Fortune. But the department store has a plan to recapture at least some of that lost revenue: home remodeling. 

    “With the resurgence of the housing market, consumers are spending more than $300 billion annually to upgrade their homes since nearly two-thirds of the nation’s homes are over 30 years old,” said Marvin Ellison, chairman and CEO of JCPenney, in a release. 

  • NARI Rolls Out New Accreditation Program

    The National Association of the Remodeling Industry has unveiled a new accreditation program—a first for the trade group.

    Traditionally, NARI’s certification programs have focused on individual remodelers’ knowledge and professionalism. To date, there hasn’t been an accreditation program for remodeling businesses—until now.