As we continue to adapt in the wake of coronavirus and the economic slowdown, multifamily flooring manufacturers have had to adjust quickly to the changes in their sector.
Houzz Inc. announced new virtual meeting and visualization tools that help design and construction professionals move projects forward, faster and more safely.
In a further sign that the housing market is rebounding from the COVID-19 pandemic, sales of newly built, single-family homes rose 16.6 percent to a seasonally adjusted annual rate of 676,000 units in May from a downwardly revised reading in April.
Existing-home sales fell in May, marking a three-month decline in sales as a result of the coronavirus outbreak, according to the National Association of Realtors.
In a sign that the housing market continues to show forward momentum, single-family permits posted an 11.9 percent gain in May, while total housing starts increased 4.3 percent to a seasonally adjusted annual rate of 974,000 units.
Confidence in the market for new multifamily housing weakened significantly in the first quarter of 2020, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB).
More than half of homeowners who were in the midst of a home renovation or design project when the coronavirus pandemic was declared on March 11, 2020, were able to continue with their renovations (52 percent), according to a new report from Houzz.
