Barrier Technology

07 June 2007

New Home Sales Up 16.2% in April

The U.S. Census Bureau and the Dept. of Housing and Urban Development released estimates that new-home sales were up unexpectedly by 16.2% in April. Regionally, the South (who has been so depressed the past few months) was up 27.8%. The West was up 8.5% and the Northeast was up 3.8%. The only area still showing negative growth was the Midwest where sales were down by 4.0%.

NAHB Chief Economist David Seiders says they are viewing the large jump in April with a lot of caution and the favorable weather swings in South may have led the favorable bump. But, he also said "The first quarter may well have marked the low point for sales volume in the dramatic housing correction that began in the latter part of 2005. We are currently looking for a gradual recovery process going forward, at least on a quarterly basis, " said Seiders.

We all know that the news reports typically lag the statistics, so things may already be a little better than they appear.Fire-rated sheathing, town homes, multi-family construction, housing market, small cap, otcbb, ibtgf, barrier, blazeguard, mycoguard, fire-rated paint, intumescent paint, mold, mildew, fire-retardant plywood, frt, sips, structurally insulative panels, fire-rated wall assemblies, commercial modular, modular home construction, green building products, LEED,


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Location: Watkins, Minnesota, United States

Barrier develops, manufactures, and markets proprietary fire resistant building materials designed to help protect people and property from the destruction of fire. Barrier's award-winning BlazeguardĀ® structural wood panels exceed International Building Code requirements in every targeted fire test and application. BlazeguardĀ® is coated with Barrier's patented, non-toxic, non-combustible Pyrotite formulation, which releases water when exposed to the heat of fire.