NAHB sees caution in construction stats
The National Association of Home Builders (NAHB) says builders are being careful to avoid getting "ahead of the market."
The builders group made the comment after the Commerce Department reported a 9.9% decline in nationwide housing starts for the month of June.
"While demand for new homes and apartments has grown considerably over the past year, builders are still being very careful not to get ahead of the market, and [the June] report reflects that cautious approach," said Rick Judson, chairman of the NAHB and a home builder from Charlotte, N.C.
June Housing starts declined to a seasonally adjusted annual rate of 836,000, the lowest rate since August of last year. The decline was driven by a dip in multifamily housing.
"The large dip in multifamily production in June follows a boost of activity in May, and is consistent with the volatility that has come to characterize that sector as well as the uneven pace of the housing recovery," said David Crowe, NAHB chief economist. He added that single-family starts and permits rose in three out of of four regions in June — "a positive sign," he said.
Cornerstone moves, expands its wares
Cornerstone Specialty Wood Products is expanding its product line beyond its signature mezzanine flooring — and is relocating to a new custom-designed space in the process.
The location includes room for future expansion, a testing and research facility, tech-savvy conference rooms, customer support centers and an employee fitness area.
"The new location was customized to fit our specific needs for customer care, partner support, state of the art research and employee benefits," said president Greg Doppler.
The company will be moving to 12020 Tramway Drive in Cincinnati this Friday. Phone, fax and email contact information will remain the same.
Liquidmetal Technologies strikes deal with TM&S
Bulk alloy developer Liquidmetal Technologies has signed a Manufacturers’ Represenation Agreement with Technical Marketing and Sales, a sales and marketing firm that specifically deals in specialty metals.
TM&S specializes in Powder Metal and MIM (Metal Injection Molding) parts. Bruce Bromage, Liquidmetal’s EVP of business development and operations, said in a statement that TM&S customers often note the cost and performance advantages of using Liquidmetal products.
“Liquidmetal technology fills a critical gap for design engineers and sourcing professionals that need high precision parts in volume, and especially for those applications that require high quality surface finish or strength," said Derek Rasmussen, president of TM&S.