




The Pending Home Sales Index (PHSI) by the National Association of Realtors® (NAR) indicated that contracts signed on existing homes gained 4.3% in August, following a 4.5% rise in July. This signals that the payback period associated with the expiration of the home buyer tax credit is now behind us.
The upturn in the PHSI was consistent across all regions except the Northeast, with solid growth in the South (6.7%) and West (6.4%) and a modest gain in the Midwest (2.1%). The Northeast declined 2.9%.
The PHSI is based on contracts signed, while existing home sales are based on closings. The NAR advises that existing home sales typically lag the PHSI by one to two months.
The latest data are “consistent with a gradual improvement in home sales in the coming months,” according to Lawrence Yun, NAR chief economist, but the “pace of home sales recovery still depends more on job creation and the accompanying rise in consumer confidence.”
At present, consumer confidence is glum, with both the Conference Board Consumer Confidence Index and the University of Michigan Consumer Sentiment index down in September. Despite a modest gain in August, the indexes has been trending noticeably downward since the middle of second quarter because of consumers’ concerns about the economy and the weak job market.
With the economy and employment expected to improve in 2011 and 2012, NAHB expects consumer confidence to improve and housing demand to gather some positive momentum.
By the fourth quarter of 2012, NAHB anticipates that existing home sales will return to normal, pre-recession levels. The four-week moving average of applications for mortgages already has risen over the last six weeks for purchase-only conventional mortgages, and for five of the last six weeks for all purchase-only mortgages.
The type of finish on a wood floor makes a difference on looks, durability and wear. From traditional oak hardwood floors to exotics such as Brazilian walnut (also known as ipe) and Bolivian rosewood, selecting a floor finish to best suit the type of wood is critical to protect it.
More and more varieties of hardwood flooring are coming from the manufacturer already finished, which typically eliminates the need for any sealer or finish after installation. Manufacturers provide information on the factory prefinish they apply and will give recommendations for any additional finishing after installation.
Most exotic wood floors are manufactured as solid floors, while some varieties are available as an engineered floor. Cork and other exotics are becoming increasingly popular as prefinished products with an aluminum oxide finish or UV-cured acrylic finish.
Also increasing in popularity and use, bamboo comes in a natural, yellow color or medium-brown tone, with grain patterns that run either horizontally or vertically. It is unusual to see it stained a dark color, but not unheard of. Bamboo can be easily sanded and finished successfully. It is not as easy to stain because of its hardness rating, which is similar to maple—harder than oak.
Most unfinished hardwood floors require one coat of sealer and at least two coats of protectant finishing. Sealing is very important, especially under polyurethane finishes, because it seals the wood and helps to prevent panelization, or the separation of groups of boards from others or from the rest of the floor. Stain can sometimes be used as the substitute for the initial seal coat, depending on the look you want, but manufacturer's recommendations should be followed. Staining most exotics, even maple, because of their cell structures and hardness, will usually give you poor results.
Beyond the application of stain and sealer, it's essential to apply a water- or oil-based finish to protect the wood. The choice depends on the type of wood, desired results, color and grain pattern. Differences in the polyurethane finishes:
Water-based
Oil-based
Satin finishes are an overwhelmingly popular choice. A low sheen offers a natural look that shows less wear. High gloss will show wear easily - think basketball court or bowling alley.
Following manufacturer's recommendations and your flooring professional's advice will get your the best results. Call us today for a Free Quote!United States Forestry facts:
FACT: Forests cover over one third of all land in the United States.
FACT: Over 72% of hardwood forests in the United States are privately owned.
FACT: Over 70% of forest land that was here in 1600 is still forest…over 737 million acres!
FACT: In 1952 the volume of timberlands in the US was 184,090 (in million cubic feet)
FACT: In 1999 the volume increased to 335,722 (million cubic feet) an increase of 82.4%
FACT: Forests in the US are increasing at an average rate of 5.27 BILLION cubic feet per year AFTER mortality and harvesting!
Total growth…12.22 Billion cubic feet
Mortality……..<2.50> Billion cubic feet
Harvest……….<4.45> Billion cubic feet
FACT: Harvest has over doubled (102%) since 1952 and we are STILL showing growth in our forests.
FACT: There is 82% more growing timber in the US now then in 1952
FACT: Over 1.5 billion trees are planted in the US every year…that’s 4.1 million seedlings per day!
FACT: Each year 6 trees are planted for every 1 that is harvested.
FACT: 43,700 companies in the US employ 1.75 million workers.
FACT: Wood is recyclable, biodegradable and durable, lasting often for centuries and can be returned to the earth at anytime with a benefit to the earth!
FACT: Wood is renewable while stone, iron or coal once used is gone forever.
FACT: Wood makes up 47% of all industrial raw materials used in the US yet require only 4% of the energy used to produce these materials!
FACT: Steel structure materials require 3 times as much energy and 16 times as much clean water to produce then wood.
FACT: As an insulator, wood is 16 times more efficient as concrete, 415 times as efficient as steel and over 2000 times as efficient as aluminum!
There is also a lot of great info over here about Reforestation and why it is so important, which you may or may not realize. It's good to know that what we are a part of, is good for our environment!
The Applegate refinishing crew is experienced at stripping, sanding, staining, painting, and polyurethane topcoating. If you opt for a natural finish, we'll apply no stain, but one coat of a polyurethane sealer and three coats of polyurethane. If you'd prefer a stain, we'll apply the stain plus three coats of polyurethane.
If you have only minor damage or a dull-looking floor, we might suggest a screen and coat instead of complete refinishing. This method involves only light sanding and one coat of polyurethane.
Here are some helpful guidelines on what you can expect if you choose to have your floors refinished:
When Should I Think about Refinishing my Wood Floors?
Most homeowners will schedule a complete refinish when worn or bare spots begin to appear, or scratching has become too much to handle. Sometimes the homeowner simply wants a color change when they consider refinishing or some just may want to change the gloss of the finish, or you can also change from a waxed finish to a lower maintenance polyurethane finish.
When to have the work done? Simply depends on you . While most people can live with the everyday abuse wood floors get as scratches, dings, and dents lead to adding character, others prefer a sleek contemporary look in which you would require refinishing every five years to maintain. It is all about the homeowner's preference.
What Happens During Refinishing?
Some refinishers have invested in dust extraction systems. Others may just have a bag attached to their sanding equipment. Dustless systems eliminate an enormous amount of dust and old finish materials that would otherwise linger in your home for possibly months after refinishing. Dust can find it's way anywhere; into kitchen cabinets, heating and cooling system vents...everywhere unless you protect everything during the work. Dust can be minimized if the refinisher tapes off rooms, you remove drapes, and maybe even call in that cleaning crew once the work is done. Poor dust control may also have an effect on the final appearance, not to mention everyday health.
Applegate does offer a highly advanced dustless sanding system that virtually eliminates the wood dust. The filters remove all the dust down to below 1 micron yielding no dust emissions from the system. No plastic sheets or masking is required and there is minimal cleanup.Water based finishes will take the least amount of time to dry and cure. Conditions can vary and depends on relative humidity within the home or conditions outside if you want to speed up the odor removal with an open house. We'll let you know when the best time to replace furniture is, as well as when and if you are able to use area rugs.
How Long Does It Take?
If the rooms are ready with furniture, drapes and any wall hangings removed, finishing will usually take 3 days.
If you'd like to spruce up your floors, Refinishing may be all you need. Call us now for a Free Estimate to see what we can do for you!
There are several things to keep in mind when selecting a wood floor. By considering the questions below, you can ensure that your purchase will meet your needs and provide years of beauty and durability. We are always available to help you make a great selection.
If you are installing your floor below grade, be sure to use an engineered or laminate product. Solid wood floors normally would not be used below grade because they are not as tolerant of moisture.
A solid wood floor is not a good choice over a concrete slab since it should be nailed or stapled to the subfloor. Most of time, wood flooring will be installed over a plywood subfloor. Concrete slab is most common in below grade levels, ie basements.What installation method will you use?
We've worked regionally and nationally and have provided our customers with expertise, service and a definitive sense of style. With forty years of combined experience in the industry, we enjoy a solid reputation for over the top performance and first class service going beyond expectation. Applegate Wood Floors, Inc. supplies exclusive wood flooring and custom installation throughout the continental US.
We at Applegate Wood Floors have only two real passions: wood floors and our clients. Thanks to a carefully selected network of manufacturers and suppliers across the U.S., Applegate Wood Floors, Inc. features over 15 wood species in a wide range of widths, finishes and grades to suit any taste and lifestyle. With a solid industry reputation for over-the-top products, performance and price, Applegate Wood Floors, Inc. specializes in serving discriminating clients throughout the continental U.S.
Premium Products... Performance... & Price.
Please visit us anytime at www.applegatewoodfloors.com. Or call for a Free Estimate so that we can help you get started on the project of your dreams!