Findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) show the increase in single-family home building activity that occurred in the aftermath of the COVID-19 pandemic has declined over the past 12 months.
Builder sentiment in the market for newly built single-family homes moved one point higher to 84 in December.
Despite inflation concerns and ongoing production bottlenecks, builder confidence edged higher for the fourth consecutive month on strong consumer demand and limited existing inventory.
In August, builder sentiment in the market for newly built single-family homes fell five points to 75.
Higher construction costs and supply shortages, along with rising home prices, pushed builder confidence to its lowest reading since July 2020, according to the most recent National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index.
Over one-third (33%) of respondents to an industry survey conducted by IPC say the Cybersecurity Maturity Model Certification will weaken the U.S. defense electronics industrial base, while 18% are unsure.
In a recent IPC industry survey and report, 24% of electronic manufacturers say the costs and burdens of compliance with Cybersecurity Maturity Model Certification may force them out of the U.S. Department of Defense’s supply chain.
As industrial sectors and the housing market showed moderate growth, manufacturers of adhesives and sealants have also reported a moderate increase in demand.
Increased demand for adhesives and sealants is driven by the emergence of new market applications.