Industry Report

May. 20, 2019

Kathy Miks elected to Spray Foam Coalition

By Tiffany Raleigh, Johns Manville Sr. Marketing Specialist

Johns Manville is pleased to announce that Kathy Miks, product manager of Building Insulation, has been elected as vice chair of the Spray Foam Coalition Leadership Committee.

The Spray Foam Coalition is a dynamic organization of companies that produce and sell polyurethane spray foam insulation systems and the chemicals and equipment necessary for their use. As vice chair, Miks will work alongside the organization’s chair to lead efforts aimed at educating and promoting spray foam and its benefits.

The Spray Foam Coalition was founded in 2010 by the American Chemistry Council’s Center for the Polyurethanes Industry aimed to promote the use of spray polyurethane foam and its benefits in U.S. applications, provide a forum for helping shape public policy and support the safe manufacture, transport, and application of the product.

The mutually beneficial relationship will help the organization develop and fulfill objectives while enabling JM to continue its support for spray foam excellence.

Miks brings more than 18 years of experience – eight in the insulation industry – to the leadership committee, which will be supported in addition to her full-time role with JM. As product manager, Miks oversees the spray polyurethane foam and polyiso wall system portfolios for the Building Insulation division.

As vice chair, she will work alongside the organization’s chair to lead efforts aimed at educating and promoting spray foam and its benefits. Miks will help the organization prioritize activities, determine strategies and actions to address industry issues and represent industry interests on a national platform. She will serve as vice chair through December 2019 and then transition to the position of chair through 2021. With this leadership experience, both JM and the Spray Foam Coalition will benefit from Miks dedication and diligence to the growth of spray foam.

For more information on the Spray Foam Coalition, visit https://polyurethane.americanchemistry.com/polyurethanes/Spray-Foam-Coalition/.

Feb. 12, 2019

Expert Roundup: What's on the housing and construction horizon for 2019?

The new year heralds a new season of reflection and planning. Johns Manville is gearing up for a strong year, keeping a close watch on the housing and construction markets. Check out these three articles from industry experts with 2019 forecasts for the housing and construction markets. 

Metrostudy Forecasts a Mixed Bag of Good, Bad News

Experts see rising interest rates and opportunities in the affordable housing segment.

By Scott Sowers, Builder Magazine 

Metrostudy chief economist Mark Boud and his team recently released their analysis and forecasts for the fourth quarter of 2018. The number-crunching indicates smooth sailing for the not-so-distant future with turbulence expected by 2020. Read more.

Realtor.com® 2019 National Housing Forecast

Housing Market Predictions 2019: Tougher Road Ahead for Home Buyers and Sellers

By Danielle Hale, realtor.com

The 2019 housing market will see modest inventory gains, but with mortgage rates expected to hit 5.5 percent by the end of the year, monthly mortgage payments will rise 8 percent putting home ownership more out of reach especially for younger Gen-Z, Millennial, and other first-time home buyers. Upscale homes in high-growth markets, however, will provide more opportunities for buyers. Read more.

New Construction Starts in 2019 to Hold Steady with 2018 Amount, According to Dodge Data & Analytics

Dodge Outlook Report Predicts Deceleration in Total Construction Growth Will Continue, Reflecting a Mixed Pattern by Project Type

By Dodge Data & Analytics via construction.com

Dodge Data & Analytics released its 2019 Dodge Construction Outlook, a mainstay in construction industry forecasting and business planning. The report predicts that total U.S. construction starts for 2019 will be $808 billion, staying essentially even with the $807 billion estimated for 2018. Read more.

Did you know Johns Manville offers market-specific residential builder data? Talk to your sales rep today for more information on how we partner with Metrostudy, a Hanley Wood company and the leading provider of primary and secondary market information to the housing and related industries nationwide, to bring you builder insights.

Oct. 18, 2018

What Happens to the Construction Market After a Hurricane?

Originally posted on Dodge Data & Analytics by Richard Branch, Senior Economist

In mid-September, Hurricane Florence made landfall in the U.S. causing widespread damage and numerous deaths. At its peak, Florence reached Category 4 status before quickly easing in intensity to a Category 1 storm when it hit just south of Wrightsville Beach, NC. The intense rainfall associated with this storm, however, made the disaster particularly difficult.

In late September, Moody’s Analytics estimated the damage and economic impact from the storm in the range of $38 to $50 billion, making it one of the costliest Atlantic storms on record. Much of that damage will be to property – primarily to single family housing. By comparison, the damages caused by Hurricanes Katrina (2005) and Harvey (2017) were closer to $125 billion each. Regardless of the final dollar tally for Florence, the toll in human loss and suffering is incalculable.

When analyzing the impact of natural disasters, Dodge Data & Analytics has found that rarely are there spikes in construction starts during the months following the disaster. Rather, construction starts tend to fall in the immediate aftermath of the storm, and only gradually increase in subsequent quarters.

In the initial aftermath of a storm, the slowdown in construction starts reflects the focus on cleanup and damage assessment. Through the first eight months of 2018, the dollar value of construction starts in North and South Carolina was 2% higher than during the same period a year earlier, with starts forecast to be up 4% by year end. Given the slowdown that typically happens following a storm, however, the upcoming fourth quarter forecast is now likely to be lower.

Reconstruction efforts for residential buildings will likely be slow. How much and the pace at which rebuilding happens will be determined in large part by the number of homes with flood insurance and, for those without, whether federal disaster assistance will become available. Either way, insurance and federal disaster aid are generally slow to materialize. Further delay in rebuilding may be caused by the slow return of families who evacuated the area prior to the storm. The population of New Orleans, for example, has yet to return to its pre-Katrina level. Finally, the construction response in the residential sector will be difficult to measure since much of the construction associated with the recovery will be directed to renovations for single family housing, which are not included in the Dodge statistical database and are no longer available from the U.S. Census Bureau.

Infrastructure construction on the other hand, may be quicker to materialize due to extensive flooding in the affected area. Public works construction was 19% higher year-to-date through August in North and South Carolina, with activity likely to remain elevated in the coming quarters. Again, however, the speed of this construction will be largely determined by the pace of federal disaster assistance. A report by the Congressional Budget Office found that relief funds related to Superstorm Sandy were distributed very slowly. Even in 2018, Dodge Data & Analytics continued to record projects related to the 2012 storm.

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