housing starts edged down 1.5 percent to a seasonally adjusted annual rate of
604,000 units in July, while the June BuildFax Remodeling Index reported its highest remodeling numbers in 20 months.
“While the RMI indicates that the home
remodeling market softened somewhat in the second quarter, this is still the
second highest RMI we’ve been able to report since the third quarter of 2007,”
said NAHB Chief Economist David Crowe.
Although it seems that in recent weeks the market has
reflected a new sense of impending doom, manufacturing industry economist, Dr. Chris Kuehl says the slowdown is only temporary and not
the start of another breakdown in the economy.
In this issue of Supply House Times, check out our 2015 Premier 150 Rankings. The annual survey, conducted by Supply House Times and BNP Media Market Research, ranks the top PHCP wholesalers by their reported sales for the past year.