Single-family housing starts declined in June to the lowest rate since July 2024 as multi-family production showed a significant increase for the month. Due to a solid increase in multifamily production, overall housing starts increased 4.6% in June to a seasonally adjusted annual rate of 1.32 million units, according to a report from the U.S. […]
A report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau states that overall housing starts increased 1.6% in April to a seasonally adjusted annual rate of 1.36 million units. The April reading of 1.36 million starts is the number of housing units builders would begin if development kept this […]
WACKER has started production of hybrid polymers at its site in Nünchritz, Germany. WACKER reports that the new production facility is currently undergoing ramp-up. Hybrid polymers serve as binders for high-quality adhesives and sealants and are popular because they are easy to use. Such binders are increasingly being employed by manufacturers of construction and assembly […]
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 […]
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. Ongoing lean levels of single-family existing home inventory helped to boost single-family production last month, while the drop in overall […]
According to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, overall housing starts decreased 3.1% in October to a seasonally adjusted annual rate of 1.31 million units. And in related news, average monthly mortgage rates increased a quarter-point from 6.18% to 6.43% between September and October, according […]
Mitsui Chemicals Inc. announced that affiliate Kumho Mitsui Chemicals Inc., Seoul, South Korea, commenced operations in late September at additional production facilities for methylene diphenyl diisocyanate (MDI). Demand for MDI is projected to grow at an annual rate of 6% going forward, due in part to policy measures around the globe to improve residential insulation […]
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 […]
According to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, overall housing starts increased 3.0% in June to a seasonally adjusted annual rate of 1.35 million units. The June reading of 1.35 million starts is the number of housing units builders would begin if development kept this […]
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 […]
We will get back to you as soon as possible