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November - December 2002

Industry Indices 

Good News for Remodeling Industry
According to the National Association of the Remodeling Industry (NARI), located in Des Plaines, Ill., the news is good for remodeling contractors.

The low interest rates and other market fundamentals should keep the housing market on track for another year, said NARI. Meanwhile, residential remodeling and repair expenditures are at an all-time high. Projected total spending in 2002 is $163 billion, compared to 2001 at $157.5 billion and 2000 at $150 billion, said the association.

New Home Sales Soar in July
Sales of new homes in July soared to a record 1.02 million units on a seasonally-adjusted annual basis, the Commerce Department reported recently. That is a 6.7 percent increase over the June rate, which was revised downward from more than 1 million to 953,000.

On a regional basis, new home sales were mixed in July. The Midwest and South recorded gains of 16 percent and 10 percent, respectively, while sales were down 9 percent in the Northeast and 0.4 percent in the West, said the National Association of Home Builders (NAHB). 

Canadian Window and Door Exports to the United States for 2002
                                                                                     Quantity             Value
Iron or Steel Doors/Windows/Frames/Thresholds        31,473,451         $130,858,052
Stainless Steel Doors/Windows/Frames/Thresholds      2,100,146          $14,616,698
Plastic Doors/Windows/Frames/Thresholds                                0          $102,655,792
Source: Statistics Canada: Canadian International Merchandise Trade

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