Mohawk Builder Multifamily welcomed 11 designers from across the country to its inaugural design summit in Alpharetta, Georgia, to build relationships, garner feedback on flooring products in development, and share insights about the company's investments in innovation and sustainability.
Single-family starts posted a solid gain in August on robust demand and moderating mortgage rates even as builders continue to grapple with challenges related to lot and labor shortages and elevated prices for many building materials.
Despite high mortgage rates, single-family home construction remained solid across regions, while multifamily construction continued to decline. Second home markets saw strong growth in both single-family and multifamily construction over the past decade.
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.
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.
SCI Floor Covering, backed by Ranier Capital, is expanding through strategic acquisitions in the Midwest. Despite some market softness, SCI President and CEO Dave Elberson remains optimistic about the flooring industry's outlook. Learn about his acquisition strategy, business outlook and SCI's career path for installers.
