As part of the partnership, Karndean will be a key luxury vinyl flooring supplier for Two Chicks and a Hammer properties and the two companies will collaborate on behind-the-scenes social media content, bringing Mina’s unique perspective on designing with Karndean Designflooring to consumer audiences.
Spending for home improvements will continue to face headwinds from declining home sales, rising interest rates, and the increasing costs of contractor labor and building materials.
In some areas of the country a growing number of remodelers are seeing signs of a slowdown due to the ongoing problems of labor shortages, high material prices and rising interest rates.
Although year-over-year sales are still expected to increase, the impact of rising costs and higher rates has taken its toll on consumers who are pulling back on projects.
Slowing sales of existing homes, rising mortgage interest rates, and moderating house price appreciation are expected to dampen owners’ investments in home improvements and maintenance over the coming year.
Some customers are showing a reluctance to go forward with projects due to the higher costs and delays associated with material shortages, as well as higher interest rates, according to NAHB.
