Mortgage rates that averaged 7.06% in May per Freddie Mac, the highest monthly average since last November, put a damper on new home sales last month.

While single-family construction expanded in the first quarter despite higher mortgage rates, multifamily construction for 2024 is experiencing a notable slowdown primarily because financing conditions.

The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 6.1% in April to 173.9 (2000=100) from the revised March reading of 164.0. Over the month, commercial planning improved 12.6% and institutional planning dropped 6.3%.

Polyurea coatings, known for their exceptional durability, chemical resistance, and fast curing properties, have witnessed significant growth in various industrial applications, including industrial flooring and construction applications. 

More professionals anticipate business growth than declines in the second quarter of 2024.

The brainchild of interior designer Jennifer Farrell, The Interconnected Changeable Environments (ICE) House is a vision of the adapted home of the future.

Sales of newly built, single-family homes in February edged 0.3% lower to a 662,000 seasonally adjusted annual rate, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

Mapei Corporation's Planitop 3D mortar/ink formulation enables precise and efficient 3D printing.

Tight lending standards and the high cost of development loans continue to impede the financing of new multifamily projects.