Builder confidence held stable in May, despite growing concerns over the price and availability of most building materials, including lumber.

Soaring lumber prices that have tripled over the past 12 months have caused the price of an average new single-family home to increase by $35,872, according to new analysis by the National Association of Home Builders.

The global epoxy resins market was estimated to be valued at more than $3.5 billion in terms of revenue in 2019 and is predicted to grow at a CAGR of 6.6% from 2020 to 2027, according to a report published by Coherent Market Insights.

Higher interest rates, supply shortages, and rising material prices, particularly for lumber, put a damper on new home sales in February.

Trends like sustainability and digitalization are going to dramatically change the chemicals and materials industry over the next 20 years, according to a report from Lux Research.

Strong demand stemming from low interest rates, favorable demographics, and a suburban shift for home building to smaller, more affordable housing markets helped to lift new home sales in January 2021, but rising lumber and material costs threaten to blunt this momentum.

The global glass bonding adhesives market is anticipated to expand at over 7% CAGR through 2030, according to a recent report by Fact.MR.

A study from InForGrowth reports that wearable device shipments will grow at a CAGR of approximately 22% between 2018-2021.

Rising material costs led by a huge upsurge in lumber prices, along with a resurgence of the coronavirus across much of the nation, pushed builder confidence in the market for newly built single-family homes down three points to 83 in January, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index.