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Industry News
Existing-home sales slowed in June but remained at relatively elevated levels. Sales fell 5.1 percent to a seasonally adjusted annual rate of 5.37 million units in June from 5.66 million in May, but are 9.8 percent higher than the 4.89 million-unit pace in June 2009.

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Corporate News
Pella Corporation Trade Segment Manager Jarred Roy has earned the National Association of Home Builders (NAHB) Remodelers Chairman’s Award for Outstanding Service. As Pella’s trade segment manager, Roy develops and leads Pella’s trade marketing initiatives on behalf of the company’s branch network system in support of remodeler, builder, contractor and residential architect relationships.

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Market News
Single-family housing starts were virtually unchanged from the previous month at a seasonally adjusted annual rate of 454,000 units in June. Builders remain very cautious in light of the sluggish pace of the economic recovery and the hesitancy they are seeing among potential home buyers. Improvement is expected in both housing starts and sales activity as buyers come forward to take advantage of the very attractive home prices.

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Finishing Touch
When specifying products for general room lighting, the CR6 fixture from Cree LED Lighting could be a game-changer.

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