Content about Detroit

October 15, 2012

Home improvement retailer Menards has approached the Ford Motor Co. about purchasing 46 acres of a former automobile factory, according to an article in The Detroit News.

September 25, 2012

The S&P/Case Shiller Index, a bellwether for the new housing market, reported that all 20 cities that it tracks on its home-price composites recorded positive monthly changes for the third consecutive month. Excluding a slight dip for Detroit last April, the composites are on a four-month roll for home price increases. 

The average home price in July 2012 grew by 1.5% for the 10-city composite and by 1.6% for the 20-city composite versus June 2012.

August 22, 2012

More hiring has yet to lead to more pay. While U.S. unemployment fell from 10% in October 2009 to 8.3% in August 2012, it has not been enough to boost salary budget increases and, subsequently, employee wages, according to WorldatWork, an association of total rewards professionals.

August 1, 2012

Home prices across the nation rose for the second month in a row, according to the S&P/Case Shiller Index, a closely watched indicator for the housing market. The average price of single-family, residential homes in the United States increased by 2.2% in May 2012 compared with the previous month for both the 10- and 20-city composites. On an annual basis, both composites and 17 of the 20 MSAs saw increases in May compared with April 2011. The exceptions were Boston, Charlotte and Detroit.

June 4, 2012

Midwestern retailer Menards is planning four stores in the Detroit market, where it currently has no presence, according to an article in the Detroit News.

Menards spokesman Jeff Abbott told the newspaper that the home improvement chain hopes to open stores in Warren, Livonia, Belleville and Chesterfield Township sometime next year.

April 25, 2012

The S&P/Case-Shiller Index, a leading indicator of U.S. housing prices, showed annual declines of 3.6% and 3.5% for the 10- and 20-city composites, respectively, for February 2012. This is a new low for February, which has not seen such levels since 2002. But the decline was less steep than in previous months, when it recorded a 3.9% drop in January and a 4.1% drop in December in year-over-year figures. 

December 23, 2011

Purists might scoff, but Craftsman's premium line of riding mowers capable of speeds of 8 miles per hour will appear at the Detroit Auto Show.

The Craftsman CTX9000 Premium Tractor will appear at the Detroit Auto Show, Jan. 10 to 11 at Cobo Hall, Detroit.

December 19, 2011

A coalition of Christian, Muslim and civil rights activists -- about 100 people in all -- protested Lowe's decision to pull its ads from a Muslim-focused TV show.

The protest occurred Saturday outside the Lowe's in Allen Park, Mich., a suburb of Detroit. The controversy revolves around Lowe's decision to pull its ads from a television show called "All-American Muslim" on the TLC network.  

November 29, 2011

The S&P/Case-Shiller Index, a leading indicator of U.S. housing prices, showed declines in both of its MSA indices for September 2011. The 10-city index dropped 0.4%, and the 20-city index slid 0.6% compared to the previous month.

On a yearly basis, the 10- and 20-city indices were down 3.3% and 3.6%, respectively.

The National Index showed an annual decline of 3.9% for the third quarter of 2011, although an improvement was shown over the 5.8% annual decline posted in the second quarter. Nationally, home prices are back to their first quarter 2003 levels.

November 16, 2011

Boise Cascade’s Building Materials Distribution division has announced its expansion in Wayne, Mich., outside of Detroit, where it recently moved into larger facilities. The operation now includes an additional 80,000 sq. ft. of enclosed warehouse space, 6,500 sq. ft. of new office space, and 9,000 sq. ft. of covered truck loading area. In addition, the expansion provides an additional four acres of outside storage, as well as railcar unloading facilities. 

June 28, 2011

The S&P/Case-Shiller Index, a closely watched indicator for the new housing market, has reported a monthly increase in prices for its 10- and 20-city composites for the first time in eight months. The composites were up 0.8% and 0.7%, respectively, in April versus March.

However, both indices are lower than a year ago, with the 10-city composite down 3.1% and the 20-city composite off 4.0% from its April 2010 levels.

October 5, 2008

Bob Taylor could be described as an optimist, a guy who looks at the ongoing...

August 10, 2008

The new 160,000-square-foot Menards store is set for a location west of Detroit, south of...

June 15, 2008

The numbers are in and—no surprise—they reflect a challenging market....

June 12, 2008

The worst housing downturn in recent memory has led to sub-par performances for several major...

February 10, 2008

When Joe Appelmann took over the reins of Stock Building Supply from Fenton Hord, who...

October 23, 2007

The Chicago-based home builder has announced its intention to file for bankruptcy protection....

October 23, 2007

The Chicago-based home builder has announced its intention to file for bankruptcy protection....

October 21, 2007

Greg Drouillard knows more than his share about international business. As president of Target Building...

September 9, 2007

For Carter Lumber, the building slowdown is merely a dip on a long road that...