The National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI) found that in the third quarter of 2024, a family earning the nation’s median income of $97,800 needed 38% of its income to cover the mortgage payment on a median-priced new home.
Tarkett Home partners with Michael Halebian & Co. to distribute their residential hard surface flooring products in the Mid-Atlantic region, expanding their existing commercial division collaboration.
Swedish flooring manufacturer Kährs Group reported mixed results for the third quarter of 2024 due to continued weak demand in a cautious market primarily for new construction in the Nordics and North America.
Stories is a platform created by Milestone to elevate voices within the American Design Community. It invites designers to express their unique perspectives and expertise through premium tile collections.
Chao and her team will play a vital role in defining the organization’s strategic roadmap for both organic and inorganic growth, ensuring alignment with HMTX’s business units and functional groups.
October housing starts fell to 1.31 million units annually, with single-family starts down 6.9% but up 9.3% year-to-date. Despite rising mortgage rates, builders remain positive about 2025's outlook, anticipating regulatory improvements and Federal Reserve interest rate cuts to boost construction activity.
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