In a sign that lower mortgage rates continue to boost the housing market, single-family production surpassed the million mark for the second straight month in December.
Glimpses of optimism are emerging in the construction and design industry, with some easing of interest rates and businesses reporting slight improvements in quarterly activity at the end of the year.
FLOOR Trends & Installation caught up with the builder team at Atlanta Flooring Design Centers to discover what’s trending in flooring among production and custom home builders.
Members of the Resilient Floor Covering Institute (RFCI) met in Sarasota, Florida, last week for the annualFall Board of Directors and Associate Member Meeting to discuss strategies for continued growth of the resilient flooring category.
Despite elevated mortgage rates averaging above 7%, single-family starts posted a solid gain in September as more buyers are turning to new homes because of a dearth of inventory in the resale market.
Rising mortgage rates and high construction costs stemming from a dearth of construction workers, a lack of buildable lots and ongoing shortages of distribution transformers put a chill on builder sentiment in August.
U.S. construction spending increased in June and the prior month's data was revised higher, boosted by spending in both single-family and multifamily housing projects.