With interest rates expected to decline this year, more consumers will have the opportunity to buy or build new homes—a nice change from what the builder market experienced the last few years. With it comes a bevy of new flooring options from manufacturers aimed to help ease supply chains, increase durability and amplify style within a tighter price point.
“With 2024 also being an election year, potential home buyers might stand to wait and see where the economy settles before making large investments,” said Elizabeth Hurley, senior vice president-strategic accounts, Shaw Residential.