Growing inflation concerns and ongoing supply chain disruptions snapped a four-month rise in builder sentiment, according to the most recent National Association of Home Builders/Wells Fargo Housing Market Index.

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Despite inflation concerns and ongoing production bottlenecks, builder confidence edged higher for the fourth consecutive month on strong consumer demand and limited existing inventory. 

Arkema recently announced its proposed acquisition of South Africa-based Permoseal, a manufacturer of adhesive solutions for woodworking, packaging, construction, and DIY.

Sika recently announced that it is opening a new technology center and manufacturing plant for high-quality adhesives and sealants in Pune, a city in the federal state of Maharashtra, India.

Single-family housing production lagged in October 2021 due to supply chain effects for materials and ongoing access issues for labor and lots.

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Sika has expanded its production capacity in the rapidly growing Chinese construction market with the opening of a new mortar production facility in Jiaxing City, in the province of Zhejiang in Eastern China.

According to a 2019 report by the U.S. Green Building Council, the number of Leadership in Energy and Environmental Design (LEED)-certified homes has grown 19% since 2017. The current level represents an all-time high, with nearly 500,000 single-family, multi-family, and affordable housing LEED-certified units globally. More than 400,000 of these units are located in the U.S.

Sika recently announced that it has signed a definitive agreement to acquire MBCC Group, the former BASF Construction Chemicals, from an affiliate of Lone Star Funds.