Owens Corning optimistic about housing market | Waccabuc Real Estate

But the Toledo company’s chairman and chief executive officer says that if the housing market continues to improve like it has been, it could be enough to power the American economy for the next three or four years.

As the No. 1 Fiberglas insulation producer in the country and No. 2 seller of roofing materials, OC has been in a rare unique position to observe the fall of the housing market and its subsequent recovery.

Mr. Thaman discussed his “Thoughts on Housing Recovery” on Monday in downtown Toledo during a meeting of the Rotary Club of Toledo.

He said, “Owens Corning believes that the uptick seen in housing in the last six months is real.

According to industry projections, housing starts could rise from 600,000 to 1.5 million housing starts in 2015.

This post was last modified on %s = human-readable time difference 12:10 pm

Robert Paul

Robert is a realtor in Bedford NY. He has been successfully working with buyers and sellers for years. His local area of expertise includes Bedford, Pound Ridge, Armonk, Lewisboro, Chappaqua and Katonah. When you have a local real estate question please call 914-325-5758.

Recent Posts

Out of Sevice with brain injury since November.

Just back out of hospital in early March for home recovery. Therapist coming today.

2 years ago

Existing home sales down 28% | Katonah Real Estate

Sales fell 5.9% from September and 28.4% from one year ago.

2 years ago

Single-Family Housing Contraction Continues | Bedford Hills Real Estate

Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…

2 years ago

Closed Median Sale Price in Hudson Valley/NYC Markets Declined by 2.50% in October | Bedford Real Estate

OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…

2 years ago

Building Materials Prices Decline for Second Consecutive Month | Pound Ridge Real Estate

The prices of building materials decreased 0.2% in October

2 years ago

Mortgage rates drop with inflation drop | Bedford Corners Real Estate

Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.

2 years ago

This website uses cookies.