Articles

Flooring Market Value to Surpass $450 Billion by 2024 September 6, 2019 from Floor Trends Selbyville, Del. — The global flooring industry is expected to cross $450… Read More

Pending home sales fell in July, reversing course on two consecutive months of gains, according to the National Association of Realtors. Of the four major regions, each reported a drop in contract activity, although the greatest decline came in the West. Read More

In a possible sign of economic softening in the industrial heartland, home construction in the nation's major manufacturing areas registered declines on a year-over-year basis in the second quarter of 2019, according to the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI). When the manufacturing sector was exhibiting stronger growth in 2017, the rate of home construction in counties with relatively high shares of local manufacturing employment outpaced the rest of the nation. Read More

Sales of newly built, single-family homes fell 12.8% to a seasonally adjusted annual rate of 635,000 units in July off a strongly revised upward reading in June, according to recently-released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. On a year-to-date basis, new home sales for 2019 are 4.1% higher than the same period in 2018. Read More

"Overall, builders and developers are reporting increased confidence in the multifamily housing market," said Gary Campbell, CEO of Gilbert G. Campbell Real Estate in Lowell, Mass., and chairman of NAHB's Multifamily Council. "However, they still have to deal with the high cost of land, labor and regulation, which could impact future production." Read More

Sales of newly built, single-family homes fell 12.8 percent to a seasonally adjusted annual rate of 635,000 units in July off a strongly revised upward reading in June, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. On a year-to-date basis, new home sales for 2019 are 4.1 percent higher than the same period in 2018. Read More

"Even as builders report a firm demand for single-family homes, they continue to struggle with rising construction costs stemming from excessive regulations, a chronic shortage of workers and a lack of buildable lots," said NAHB chairman Greg Ugalde, a home builder and developer from Torrington, Conn.   Read More

Flooring Market to Reach Around $450 Billion by 2026 August 14, 2019 from Floor Covering Weekly Albany, N.Y. — The global flooring market is predicted… Read More

Suppliers increase domestic manufacturing Wednesday, August 7, 2019 By Sharyn Bernard from Floor Covering Weekly Flooring suppliers are increasingly bullish about U.S. manufacturing and have been substantially… Read More

“The U.S. economy is likely to wake up to some uncomfortable facts,” pointing to the ongoing threat of tariffs — which they call taxes and said they will absolutely slow growth. They also reported that the low interest rates have another effect — “exotic corporate debt instruments. One thing we learned from the last financial crisis is that ‘exotic instruments’ and financial markets are not ideas that coexist together peacefully.” Read More