Strong demand, low interest rates and fewer existing homes for sale helped contribute to an uptick in new home sales in August even as home prices continue to rise.
From September 12th to September 15th, 2021, Bostik teams participated in the Big5 exhibition, a Dubai-based construction event which has provided leading-edge innovation, knowledge, and business opportunities for industry players since 1979.
Soaring building material costs, high demand and low inventory have added tens of thousands of dollars to the price of a new home and caused housing affordability to fall to its lowest level in nearly a decade during the second quarter of 2021.
Pent-up demand from the pandemic is creating a general spending surge that is helping to improve the outlook on construction spending over the next two years.