Chairman of the Federal Reserve Ben Bernanke today gave a speech outlining near-term and long-term prospects and policy considerations concerning the nation’s economy. While Bernanke noted some positive developments have occurred in the two years since NBER’s end-date for the Great Recession, he also detailed economic disappointments that are a source of ongoing concern for any small business owner or stakeholder in the housing market.
New home sales fell for the 4th straight month to a seasonally adjusted annual rate of 298,000 in July 2011. Assuming this trend continues, new home sales are on track to finish this year as the worst on records dating back 50 years.
Five years into a housing meltdown, questions are arising about how long some publicly held home builders can survive without significant improvement in the market.
Washington, DC – On June 25th the Foam Sheathing Coalition announced that it will be working with the Structural Building Components Association to develop its first standard. SBCA is an accredited ANSI standards development organization and is working with its SBCA Wall Panel Council to create FSC’s first standard tentatively designated as ANSI/SBCA/FSC 1 entitled “Standard Practice for the Testing, Design and Application of Foam Plastic Insulation used as Wall Sheathing.”