Builders saw sales decline significantly as buyers were priced out of the market on higher interest rates and ongoing home building and development costs, including building materials, according to NAHB.
For 2022, Green Good Design received hundreds of submissions from around the world, including prominent manufacturers and Fortune 500 companies such as Mohawk.
As project inquiries declined significantly in Q2 2022 among build-only and design-build professionals, both have lowered their expectations for new committed projects in Q3 2022.
AHF Products announced that it has closed the purchase of certain assets of Armstrong Flooring, Inc., including the rights to license the Armstrong Flooring brand name as well as the purchase of three U.S. manufacturing facilities, in Lancaster and Beech Creek, Pennsylvania, and in Kankakee, Illinois.
HMTX’s sustainable and socially responsible flooring products will be digitally printed with Hymmen’s Jupiter JPT-C print-to-board line in the near future.
Despite some economic headwinds, kitchen and bath remodeling demand remains strong. Residential kitchen and bath spending is anticipated to grow by 16% to $189 billion in 2022.
Retailers can use the Mohawk Summer Savings promotion and consumer financing with special rates to increase store traffic, basket size and repeat business.
Increased interest rates, building material supply chain bottlenecks and elevated construction costs continue to put a damper on the single-family housing market, according to NAHB.
Slowing sales of existing homes, rising mortgage interest rates, and moderating house price appreciation are expected to dampen owners’ investments in home improvements and maintenance over the coming year.
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