The global market for low-carbon construction materials reached about US$259.42 billion in 2024 and is projected to grow to US$394.38 billion by 2029, with a compound annual growth rate (CAGR) of roughly 8.8%. This growth is driven by rising demand for sustainable building products, stricter environmental regulations and greater emphasis on lowering the carbon footprint of new construction. Key material types in this space include green concrete, mass timber, low-carbon bricks, recycled metals, green tiles and plastics (recycled or bio-based). The market is segmented by application (residential, commercial, industrial) and…
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Maine HBA Brings Real-World Training to State’s Future Builders
The Home Builders and Remodelers Association of Maine has teamed up with Sanford Regional Technical Center to give high school students hands-on training in building homes so they can jumpstart careers in the skilled trades. Now in its seventh year, the program has completed five homes, with multiple others underway, and uses materials donated by industry partners while funding future builds through home sales. Students also receive significant support upon graduation, with over $40,000 awarded in scholarships and tools last year to help launch them into the workforce. Read More
Read MoreHome Depot acquires billions in the building supply business
Home Depot is acquiring specialty building products distributor GMS for $4.3 billion in equity, as part of its ongoing strategy to expand in the professional building materials sector. This follows its $18 billion purchase of SRS Distribution last year, further strengthening its ability to serve residential and commercial contractors. The deal positions Home Depot to compete more aggressively by creating a massive supply network with over 1,200 locations and 8,000 delivery trucks. Read More
Read MoreDemand for new construction is quickly weakening
After years of resilience, homebuilders are now grappling with a sharp slowdown in the housing market as high prices, mortgage rates and economic uncertainty dampen buyer demand. New home sales fell 14% in May, and many builders, including Lennar and KB Home, are cutting prices and scaling back development plans amid rising unsold inventory. Despite increased supply from both new and existing homes, sales remain sluggish in most markets. According to Yahoo Finance, “Consumers grew increasingly apprehensive about the economy and rising geopolitical tensions, driving consumer confidence to a 13-year…
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