Barrier Technology

20 November 2007

New Multifamily Housing Construction Boosts October Housing Starts

The NAHB's Chief Economist, David Seiders, released his Report on October 2007 Housing Statistics today. Overall housing starts were 1.229 million units, up 3% over last month, but off 16% from the same time last year. What carried the month to month increase? Multifamily construction skyrocketed by 44% to an annualized rate of 345,000. Single family starts decreased 7% and total permits fell 7% as well.

The residential housing market is still substantially off from last year. However, the news is not as bleak as it has been in recent months. Barrier is well positioned to meet increases in demand as multifamily construction projects start to move forward.

Will home builder and/or building supply stocks be impacted with the release of this report? It should be interesting.
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, control room, electrical panel backer board


Post a Comment

<< Home

Powered by Blogger

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.