Spurred by economic recovery and low interest rates, a substantial increase in new home construction in 1993 has led to optimism among adhesives and sealants producers. Jeff Weinstein, industry manager/distribution for Bostik (Middleton, MA), says current prospects for as much as 9% overall growth in building in 1994 could provide some pickup for sales, especially in the Southeast and Southwest.
But at the same time, construction of commercial and industrial structures, the key market for caulking and sealing compounds, is flat as many properties remain vacant in the wake of the recession. Nonresidential private construction this year is expected to …
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