Homebuilder confidence in US drops at 11-month low in July

21 Jul 2021 CW Team

Homebuilder confidence in the single-family housing market in the United States of America dropped to its lowest level in July since August 2020, owing to supply and labour shortages.

The NAHB/Wells Fargo Housing Market Index (HMI) fell to 80 from 81 in June. Economists had predicted that the index would rise to 82 points.

A reading of more than 50 indicates that more builders consider market conditions to be favourable.

In November 2020, the index reached a new high of 90.

Builders are facing shortages of building materials, buildable lots, and skilled labour, as well as a difficult regulatory environment, according to Robert Dietz, Chief Economist at the National Association of Home Builders(NAHB).

Even though demand remains strong in a low-inventory environment, he added, this is putting upward pressure on home prices and excluding many prospective home buyers.

Home sales have recently been slowed by rising home prices and a lack of supply, and fewer Americans believe now is a good time to buy.

In July, the NAHB survey of single-family home sales expectations rose two points to 81, while a gauge of current sales conditions dropped one point to 86.

Image Source

Infrastructure Urban

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..