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November 10, 2022
EVERCHEM UPDATE: VOL. 05 – Trade Shows
Speeches can be streamed, exhibit booths can be power-pointed and screen-shared, but it all pales in comparison to in-person networking. Trade shows are back!
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October 19, 2022
Housing Starts
US Housing Starts Plunge As Homebuilder Confidence Crashes
by Tyler Durden
Wednesday, Oct 19, 2022 – 08:38 AM
With homebuilder confidence collapsing – especially expectations of future sales – housing starts and permits were expected to slide in September but the results were mixed…
US Housing starts plunged 8.1% MoM in September (worse than the -7.2% expected), but the forward-looking permits unexpectedly rose 1.4% MoM (-0.8% MoM exp) and August was revised to a slightly smaller drop.
Source: Bloomberg
On a SAAR basis, starts and permits continue their broad trend lower (with a tiny uptick in permits)…
Source: Bloomberg
The unexpected rise in permits is all due to multi-family units as renter-nation escalates: Single-family permits tumbled 3.1% MoM while multi-family permits soared 8.2% MoM…
On the other side, single family starts plunged 4.7% to 892K SAAR, the lowest since May 2020…
So, finally, as we started, what happens next for home starts? If homebuilders are that sanguine about future sales expectations why would they be building any more homes?
Source: Bloomberg
October 19, 2022
Housing Starts
US Housing Starts Plunge As Homebuilder Confidence Crashes
by Tyler Durden
Wednesday, Oct 19, 2022 – 08:38 AM
With homebuilder confidence collapsing – especially expectations of future sales – housing starts and permits were expected to slide in September but the results were mixed…
US Housing starts plunged 8.1% MoM in September (worse than the -7.2% expected), but the forward-looking permits unexpectedly rose 1.4% MoM (-0.8% MoM exp) and August was revised to a slightly smaller drop.
Source: Bloomberg
On a SAAR basis, starts and permits continue their broad trend lower (with a tiny uptick in permits)…
Source: Bloomberg
The unexpected rise in permits is all due to multi-family units as renter-nation escalates: Single-family permits tumbled 3.1% MoM while multi-family permits soared 8.2% MoM…
On the other side, single family starts plunged 4.7% to 892K SAAR, the lowest since May 2020…
So, finally, as we started, what happens next for home starts? If homebuilders are that sanguine about future sales expectations why would they be building any more homes?
Source: Bloomberg
February 14, 2022
Mattress Recycling Bill in Oregon
Mattress recycling would be more widely available under bill in Oregon legislature
KLCC | By Chris M Lehman Published February 7, 2022 at 5:04 PM PST
Oregonians would have an easier time recycling their old mattress under a bill advancing through the state legislature.
The measure would require mattress manufacturers to create a recycling program funded by a fee put on the purchase of new mattresses. The idea is to keep mattresses out of landfills. Or, worse yet, the side of the road. It’s been a goal for several sessions for Sen. James Manning, D-Eugene.
“If you have driven down the street lately, or through one of our beautiful scenic routes here in the state of Oregon, and seen a mattress or box spring tossed along the highways, cluttering up our natural sources or waterways, this bill makes perfect sense,” said Manning as he made his pitch for the bill to the Oregon Senate’s Committee on Energy and the Environment.
Recycling organizations say that up to 85 percent of a typical mattress is recyclable. But relatively few places in Oregon currently accept them.
The committee voted Monday to send Senate Bill 1576 to the legislature’s budget-writing committee, keeping it alive for the 2022 session.
February 14, 2022
Mattress Recycling Bill in Oregon
Mattress recycling would be more widely available under bill in Oregon legislature
KLCC | By Chris M Lehman Published February 7, 2022 at 5:04 PM PST
Oregonians would have an easier time recycling their old mattress under a bill advancing through the state legislature.
The measure would require mattress manufacturers to create a recycling program funded by a fee put on the purchase of new mattresses. The idea is to keep mattresses out of landfills. Or, worse yet, the side of the road. It’s been a goal for several sessions for Sen. James Manning, D-Eugene.
“If you have driven down the street lately, or through one of our beautiful scenic routes here in the state of Oregon, and seen a mattress or box spring tossed along the highways, cluttering up our natural sources or waterways, this bill makes perfect sense,” said Manning as he made his pitch for the bill to the Oregon Senate’s Committee on Energy and the Environment.
Recycling organizations say that up to 85 percent of a typical mattress is recyclable. But relatively few places in Oregon currently accept them.
The committee voted Monday to send Senate Bill 1576 to the legislature’s budget-writing committee, keeping it alive for the 2022 session.
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