Building activity drives May gains and future outlook
Babson Park Massachusetts June 22 in his weekly inter today Mr Babson discusses building results for May and a positive trend for the coming months. Residential construction leads with 43 percent of total, followed by public works and utilities 22 percent, commercial 14 and educational 7. Home building stands out as a healthy nationwide driver for employment and commerce, while cautions about overbuilding relative to income are urged. The analysis covers New England Middle Atlantic and Southern states with strong gains and regional variation in May contracts.
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United States uses more wood than other nations combined
A concise claim states that the United States consumes wood at a higher rate than the combined total used by all other countries, citing railroads ties and paper as major components of usage.
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Building activity shifts patterns across regions in May
The May 1928 summary shows industrial and public works shares rising in several regions while residential building leads in most areas. The Central West reports a May record with 27 percent higher volume than last year, and Texas posts a 24 percent May rise with over $26 million in May activity. New York and New Jersey see a 33 percent May gain with residential building dominating. Pacific Coast totals lag May 1927, though overall volume remains solid.
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