The National Association of Home Builders (NAHB) points to continued elevated interest rates, high building material costs and declining affordability conditions pushing buyers to the sidelines as the source of the continued drag on builder sentiment. NAHB recorded the lowest confidence reading since June 2012 with the exception of the onset of the pandemic in […]

The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter, showing a year-over-year decline of 10 points. The NAHB/Westlake Royal RMI survey asks remodelers to rate five components of the remodeling market as “good,” “fair” or “poor,” measuring each question on a scale from 0 to […]

According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), rising inflation and higher mortgage rates are slowing traffic of prospective homebuyers and putting a damper on builder sentiment. The association says it’s a troubling sign for the housing market, as builder confidence in the market for newly built single-family homes […]

NSG Group, a global glass manufacturer and parent company of Pilkington, saw a decline in revenues in fiscal year 2021 compared to 2020 yet still exceeded its expectations, according to a recently released financial report. The company totaled $4.57 billion for the year, down 10.2% from $5.09 billion the year before but greater than its […]

Huttig Building Products Inc., a domestic distributor of millwork, building materials and wood products, has released financial results for the fourth quarter and year ended December 31, 2020. “The momentum we generated through the third quarter of 2020 continued and contributed to our solid fourth quarter results,” said Jon Vrabely, president and CEO of Huttig. […]