The Multifamily Production Index (MPI), released today by the National Association of Home Builders (NAHB), inched down two points to an index level of 52. It is the fifth straight quarter with a reading over 50.
Source: GLOBE NEWSWIRE
Pittsburgh Corning Corporation, a global manufacturer of sustainable, high performance glass products for the building, energy and industrial markets, announced that its Modified Third Amended Plan of Reorganization was confirmed by the U.S. Bankruptcy Court for the Western District of Pennsylvania, effective late yesterday. The confirmation leads the company one step closer to emerging from Chapter 11 bankruptcy. Pittsburgh Corning has operated under Chapter 11 protection since April 16, 2000.
Schüco, the market leader in energy-efficient building envelopes, has recently launched its new building material Window AWS 50 BL in the Chinese market. The new product has passed the quality test and certification conducted by the global test center of Schüco and applies to all building types, and can provide satisfactory thermal insulation performance. The BL system is a high-and-mid-end system designed and developed by Schüco especially for China market, and its modular system has perfectly integrated quality, innovation, cost and personalized design, so as to ensure that all its customers obtain the optimal return on investment in terms of the construction and consultation of door, window and curtain walls. In addition, as a safe and reliable new building material, the BL system is another masterpiece created by Schüco to support the development of Chinese building industry.
Source: Window & Door
The U.S. Environmental Protection Agency today proposed two rules related to formaldehyde emissions from composite wood products produced domestically or imported into the United States. The proposals align, where practical, with the requirements for composite wood products set by the California Air Resources Board, putting in place national standards for companies that manufacture or import these products, officials state.