In 1989, Delta Gypsum started in Graham, North Carolina as a distributor of wallboard and related building products. Its current headquarters is in Wake Forest, North Carolina. Founded by Phil Ritchie, the legacy of this mid-Atlantic based premium distributor continues on its family roots and traditions with David Ritchie and John Kindt. The new leadership ushers in the next generation of family to keep growing and serving the many loyal customers and friends we have had for years.
Saturday, August 31, 2013
August Housing Data
The housing recovery hit a speed bump during the past few months. Single-family housing starts fell 2.2 percent in July and permits were down 1.9 percent. New home sales also showed weakness, plunging 13.4 percent in July. While existing home sales posted a solid 6.5 percent gain in July, pending home sales, which tends to lead existing home sales by about one to two months, fell 1.3 percent on the month. Even purchase applications, which had only shown tepid growth previously, have witnessed a setback, with applications down about 11 percent over the past three months.
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