Housing starts drag their feet in May
U.S. housing starts declined for the third straight month in May, falling below projections, as well as below month- and year-ago levels.
Total housing starts came in at a seasonally adjusted annual rate of 1,092,000, 5.5% below the revised April estimate of 1,156,000, and 2.4% below May 2016.
Single-family starts were at a rate of 794,000, down 3.9% from April's revised rate of 826,000.
Starts were primarily impacted by a lull in activity in the South and Midwest, though single-family starts were at their lowest level since September.
Activity in the Northeast was flat, with single-family starts jumping 12.5%. Starts also jumped 1.3% in the West.
As for permits, new authorizations came in at a seasonally adjusted annual rate of 1,168,000, 4.9% below April's revised rate of 1,228,000, and 0.8% below May 2016.
Safe-Way rolls out new doors, and new portal
Safe-Way Garage Doors, the Warsaw, Indiana-based garage door manufacturer introduced two new garage doors into its line up. It also rolled out a new website.
The company introduced the Ambient line and the Ventana collection. The Ambient line features a high-density polyurethane core that provides strong insulation properties, the company said. The Ambient line provides an R-Value of 17.68, and are ideal for projects where superior insulating ability is desired. Ventana is described as ideal for new construction and home improvement with multiple color and window selections.
The company says the new products bring a combination of ruggedness and good looks.
Separately, the company's new website is designed with a new dealer locator and an improved door designer functionality.
"We had been wanting to upgrade for some time," said Sonny Nemitz, general maanger of Safe-Way Door. "We really wanted a fresh new look and an easier interface for our customers and dealers to use."