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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 […]

Trinseo Initiates Sale of Interest in Americas Styrenics

Specialty solutions provider Trinseo announced that it has started a sale process for its 50% ownership in Americas Styrenics LLC (AmSty), a joint venture with Chevron Phillips Chemical Co. LP. Trinseo had previously announced its intent to divest its styrenics businesses with a focus on selectively marketing individual assets or regional businesses. AmSty was established […]

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