WASHINGTON, D.C. -- Growing inflation concerns and ongoing supply chain disruptions snapped a four-month rise in builder sentiment even as consumer demand remains robust. Builder confidence in the market for newly built single-family homes moved one point lower to 83 in January, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today. The HMI has hovered at the 83 or 84 level, the same rate as the spring of 2021, for the past three months.

Wood used for a musical instrument needs to meet certain physical and acoustical properties and not all wood species are suitable as tonewoods. Research may have found some promising wood alternates.

Ingka Investments, the investment arm of Ingka Group, which represents a large Ikea franchise group, has acquired 3,264 acres of land in Florida as part of a commitment to responsible forest management.