Confidence in the market for new multifamily housing declined year-over-year in the first quarter, according to the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 44, down three points year-over-year, while the Multifamily Occupancy Index […]
According to the latest data, constrained housing affordability conditions due to elevated interest rates, rising construction costs, and labor shortages led to a reduction in housing production in March. Overall housing starts decreased 11.4% in March to a seasonally adjusted annual rate of 1.32 million units, according to a report from the U.S. Department of […]
RPM International Inc. reported financial results for its fiscal 2025 third quarter ended February 28, 2025. The company reported third-quarter sales of $1.48 billion, a decrease of 3.0% compared to the prior year. Third-quarter net income was $52.0 million, diluted EPS was $0.40, and EBIT for the quarter was $62.7 million. Frank C. Sullivan, […]
The National Association of Home Builders (NAHB), is reporting that 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 newly released data from the U.S. Department of Housing and […]
We will get back to you as soon as possible