Tag: Higher

LED Optic Creates Significantly Higher Intensity

Dr. Hönle AG has developed a new lens type for its bluepoint LED UV curing unit series, which focuses the light into a linear irradiation and can cure adhesives with a significantly higher intensity. The high intensity is usually required for applications in which a gap must be irradiated, such as active alignment. The new […]

New Home Sales to Edge Higher in February as Interest Rates Show Slight Decline

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 […]

Single-Family Housing Starts Trend Higher in September

With the Federal Reserve beginning an easing of monetary policy and builder sentiment improving, single-family starts posted a modest gain in September. Multifamily construction continued to weaken due to tight financing and an ongoing rise in completed apartments, according to the National Association of Home Builders (NAHB). Overall housing starts decreased 0.5% in September to […]

Builder Confidence Drops as Interest Rates Remain Higher

Builder confidence in the market for newly built single-family homes was 45 in May, down six points from April, according to the newly released National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The drop marks the first decline since November 2023. The National Association of Home Builders is attributing the drop to […]

New Home Sales Rise in March, Despite Higher Interest Rates

Despite higher interest rates, new home sales rose in March due to limited inventory of existing homes. However, the National Association of Home Builders (NAHB) predicts that the pace of new home sales will be under pressure in April as mortgage rates moved above 7% in April, which is expected to moderate sales and increase […]

Moderating Interest Rates and Pent-up Demand Push Single-Family Home Starts Higher

A new report suggests that pent-up demand, moderating interest rates, and a lack of existing inventory helped push single-family starts in February, reaching their highest level since April 2022. According to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, overall housing starts increased 10.7% in February to […]