Articles Tagged with ''market trends''

Mortgage rates that averaged 7.06% in May per Freddie Mac, the highest monthly average since last November, put a damper on new home sales last month.

Persistently high mortgage rates are keeping many prospective buyers on the sidelines, and home builders are also dealing with higher rates for construction and development loans, chronic labor shortages and a dearth of buildable lots.

While single-family construction expanded in the first quarter despite higher mortgage rates, multifamily construction for 2024 is experiencing a notable slowdown primarily because financing conditions.

In the Index, design experts at Interface highlight both time-tested and forward-looking trends found in today’s commercial spaces.

Confidence in the market for new multifamily housing declined year-over-year in the first quarter of 2024, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). 

The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 6.1% in April to 173.9 (2000=100) from the revised March reading of 164.0. Over the month, commercial planning improved 12.6% and institutional planning dropped 6.3%.

Coinciding with optimism in the builder market, new flooring options aim to ease supply chains stresses, increase durability and amplify style within a tighter price point.

CTDA announces the production of the 2024 CTDA Financial Benchmarking Program. The program is designed to optimize distributor performance in an environment of relentless pressure on profit margins.

In order to capitalize on the growing market, flooring manufacturers and suppliers will need to address challenges related to waste disposal, installation, renovation, and demolition.