Constrained housing affordability conditions due to elevated interest rates, rising construction costs, and labor shortages led to a reduction in housing production in March.
A small decline in mortgage rates and limited existing inventory helped new home sales to edge higher in February, although housing affordability challenges continue to act as a strong headwind on the market.
According to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder sentiment fell sharply in February over concerns on tariffs, elevated mortgage rates, and high housing costs.
Growth in the market for sustainable adhesive tapes is primarily driven by increasing consumer demand for environmentally friendly products and tighter regulatory requirements encouraging more sustainable manufacturing practices.
According to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, overall housing starts decreased 1.8% in November to a seasonally adjusted annual rate of 1.29 million units.
A new study from Transparency Market Research predicts the global pressure sensitive adhesives (PSAs) market will experience a compound annual growth rate of 5.2% from 2022 to 2031.
A new market report available from research firm Growth Market Reports predicts that the market for adhesives and sealants will expand at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2031.
The demand for bio-adhesives is experiencing significant growth across various applications, including paper and packaging, construction, woodworking, medical, personal care, and more.
With the Federal Reserve beginning an easing of monetary policy and builder sentiment improving, single-family starts posted a modest gain in September.
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