Builder confidence plunged in July as high inflation and increased interest rates stalled the housing market by dramatically slowing sales and buyer traffic.
Rising inflation and higher mortgage rates are slowing traffic of prospective home buyers and putting a damper on builder sentiment, according to the National Association of Home Builders (NAHB).
According to the most recent National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index, builder confidence took a steep drop in May, a sign that the housing market is now slowing.
RadTech, the Association for UV & EB Technology, recently shared some preliminary results from a market trends survey focusing on ultraviolet (UV) and electron beam (EB) technologies.
Builder confidence in the market for newly built single-family homes moved two points lower to 79 in March from a downwardly revised reading in February, according to a recent National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
With builders continuing to report supply chain problems that are causing construction delays, overall housing starts decreased 4.1% in January 2022 to a seasonally adjusted annual rate of 1.64 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Builder confidence is lower even as consumer demand remains robust.
January 21, 2022
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.
A FINAT study reports that supply chain issues and sustainable label and packaging solutions are the top concerns regarding label procurement trends with brand owner professionals.
January 20, 2022
FINAT, the European association for the self-adhesive label industry, has released the 16th edition of its “FINAT RADAR” half-yearly market trends report.
Asia Pacific dominated the global solid acrylic resins market in 2020 due to increases in infrastructure and construction activities.
January 11, 2022
The global solid acrylic resins market is estimated to expand at a CAGR of 7.3% in terms of revenue from 2021-2031, according to a report from Transparency Market Research.
Sales of newly built, single-family homes in November rose 12.4% to a 744,000 seasonally adjusted annual rate from a downwardly revised reading in October.
January 5, 2022
New home sales posted a solid gain in November, driven by strong buyer demand, low existing home inventory, and buyers' anticipation of future higher mortgage rates.