28 January 2008 17:21 [Source: ICIS news]
The department said that December new home sales fell 4.7% from November’s annualized rate of 634,000 new homes sold, and December’s sales were nearly 41% below the rate set in December 2006.
The home construction industry is a key downstream consuming sector for a wide variety of chemicals and chemical-based products such as roofing and siding materials, insulation, adhesives, paints and coatings, plastics and synthetic fibres.
The annualized December 2007 figures mark the lowest level of new home sales since 1992 when an estimated 610,000 new single-family homes were sold as the
The department said that for all of last year an estimated 774,000 new homes were sold, which marks the slowest year for new home construction and sales since 1996 when 757,000 new homes were sold.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections