Articles Tagged with ''single-family housing''

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.

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.

Resilient Floor Covering Institute President and CEO Bill Blackstock offers an update on the association's key initiatives for the second half of 2024 and provides an outlook for the resilient category of flooring. 

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.

Mullican Flooring has added two new collections to its line of engineered hardwood flooring.

Single-family housing starts surge to highest level in nearly two years, driven by pent-up demand and moderating interest rates.

Emmy-winning TV Host Bobby Berk teamed up with home builder Tri Pointe Homes for the launch of Berk-designed homes across America.

Brad Carver, general manager of Absolute Flooring in Gallatin, Tennessee, shares market insights in the area and tells us about the growth happening at the business.