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 […]

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 […]

Bostik expands its offerings in high-performance adhesives in the United States with the planned acquisition of Edge Adhesives Texas, a complementary asset in hot-melt adhesives and pressure sensitive adhesive tapes for residential construction. This project is in line with Arkema’s strategy of bolt-on acquisitions to develop greater breadth in adhesives. Edge Adhesives Texas is a […]

The National Lumber & Building Material Dealers Association sent a letter earlier this week to U.S. Department of Commerce Secretary Gina Raimondo regarding the continued volatility of lumber prices and the effects it is having on the LBM industry, residential construction and the larger economy. The letter requests a meeting with Secretary Raimondo and her […]

While 2020 will forever represent a blight on world history, so far as the U.S. economy is concerned it managed to include one bright spot: housing. In January 2020, ahead of the coronavirus, leading experts told [DWM] that even if an economic downturn were to occur, residential construction was expected to continue, despite the circumstances. […]

Residential construction was down in February, but this had no negative impact on industry employment, according to the most recent federal government data. The U.S. Census Bureau reports total construction increased 1 percent from January to February and 1.1 percent from February 2018 to February 2019 on a seasonally adjusted annualized rate. The lukewarm total […]

Is construction gaining or waning? That was the question industry economists addressed recently in a spring economic forecast webinar hosted by CMD Group. In terms of the overall U.S. economy, American Institute of Architects (AIA) chief economist Kermit Baker­ said that despite a weak first quarter, gross domestic product gains are expected to be 1.5 […]

It’s a good time to be in residential construction. A recent report by Sageworks, a financial information company, ranks residential building construction as the ninth-fastest-growing industry for small businesses. According to the report, which considers small businesses to be “privately-held companies with annual sales less than $5 million,” the sector had a 12.8 percent year-over-year […]

According to the latest construction starts numbers, released by McGraw Hill Construction, new construction starts in July decreased 2 percent to a seasonally adjusted annual rate of $479.1 billion, according to the report. Residential building in July showed further growth. For the first seven months of 2013, total construction starts on an unadjusted basis were […]

It’s often cited as the root of the economic malaise that has gripped America for much of the last six years. But things are starting to pick up in the residential construction industry as improved national employment figures, significantly lower interest rates, fewer foreclosures and overall optimism have led to an upswing in residential home […]