Home Building Less of a Drag??
The Commerce Department issued a report today announcing U.S. Growth Rebounding during the second quarter.
More government spending, a surge in business investment and a better trade performance led to U.S. economic growth to a level similar to the growth experienced at the beginning of last year. The GDP gained at a 3.4 percent annual rate.
The Treasury Secretary, Henry Paulson reported today that problems with bad loans in the subprime mortgage area were largely contained and the global market losses are really a repricing of risks. He went further to say we have a strong economy and a strong global economy.
Home building was less of a drag in the second quarter...it shrank at a 9.3% annual rate v.s. the 16.3% during the first quarter. Has the tide turned? From a rise in inquiry activity, Barrier is more bullish about the market than in past months.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,
More government spending, a surge in business investment and a better trade performance led to U.S. economic growth to a level similar to the growth experienced at the beginning of last year. The GDP gained at a 3.4 percent annual rate.
The Treasury Secretary, Henry Paulson reported today that problems with bad loans in the subprime mortgage area were largely contained and the global market losses are really a repricing of risks. He went further to say we have a strong economy and a strong global economy.
Home building was less of a drag in the second quarter...it shrank at a 9.3% annual rate v.s. the 16.3% during the first quarter. Has the tide turned? From a rise in inquiry activity, Barrier is more bullish about the market than in past months.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,
posted by Barrier at 3:20 PM
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