USA Home Sales Fall Slightly

26 Jun 2024 CW Team

In May 2024, existing-home sales in the USA fell by 0.7%, indicating a slight decrease in market activity. The National Association of Realtors (NAR) reported this decline, noting a seasonally adjusted annual rate of 4.13 million units, down from 4.16 million in April. Factors contributing to this drop include rising mortgage rates, limited inventory, and high prices, which have deterred potential buyers. Despite the overall decrease, sales in the Midwest and Northeast experienced slight gains, while the South and West regions saw declines. Median home prices rose by 3.1% to $405,400, reflecting ongoing affordability challenges. The housing market continues to face headwinds from economic uncertainty and fluctuating interest rates. Inventory levels remain low, with only 1.1 million units available, representing a 2.9-month supply at the current sales pace. Analysts predict that market conditions may improve later in the year as inflationary pressures ease and mortgage rates stabilize. However, the pace of recovery will largely depend on broader economic trends and consumer confidence.

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..