Articles Tagged with ''market trends''

As the Federal Reserve's rate cut impacts the flooring sector, industry veterans demonstrate adaptability. Dan Frierson's 60-year journey at The Dixie Group showcases innovative leadership, while Starnet's long-standing members highlight stability. Our October issue also explores retail innovations, installation techniques, and pricing strategies, reflecting the industry's multifaceted nature and ability to navigate economic shifts.

Retail sales data shows that consumers continued to spend on household priorities in August, according to National Retail Federation.

The U.S. Bureau of Labor Statistics reports a 0.3% decrease in import prices for August, the largest monthly drop since December 2023. Despite the August decline, import prices have increased 0.8% over the past year, reflecting ongoing economic fluctuations.

NAHB Chief Economist Robert Dietz said buyer interest and builder sentiment should improve in the months ahead. 

High interest rates for construction and development loans as well as ongoing challenges regarding labor shortages and higher prices for many building materials continued to slow the building market this summer.

Consumer prices rose 2.9% in the 12 months through July, the smallest 12-month increase since March 2021, the Labor Department reported in its consumer price index.

Luxury home values have risen 3.9% year over year, outpacing the 3.2% growth of typical homes.

The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased by 10.4% in June to 198.6 (2000=100) from the revised May reading of 179.9. Over the month, commercial planning increased 14.5% and institutional planning ticked up 0.2%.   

Existing-home sales fell in June as the median sales price climbed to the highest price ever recorded for the second consecutive month, according to the National Association of Realtors. All four major U.S. regions posted sales declines.