The Newark Advocate logo The Newark Advocate 1 month ago

Owens Corning insulation sales down

NEWARK -- Owens Corning, which produces residential and commercial insulation at its Newark plant, reported a 17 percent drop in insulation sales during the third quarter compared to a year ago. Full Article at The Newark Advocate

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  1. Housing starts were down 46 percent during the same period and net sales down only 17 percent ... It indicates Owens Corning performed better than trends in new home starts.
    SOURCE: The Newark Advocate 1 month ago
  2. New home starts are beginning to creep up very slowly, but not enough to increase capacity production in any meaningful way ... Residential insulation is operating at 50 percent of capacity.
    SOURCE: The Newark Advocate 1 month ago
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