After declining for four years, a number of key trends-including the average size of the home and the number of bedrooms and bathrooms-reversed course in 2020 as a result of shifting buyer preferences in the wake of COVID-19.

Sales of newly built, single-family homes in January rose 4.3 percent to a 923,000 seasonally adjusted annual rate, from an upwardly revised December reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

The collections mark LG Hausys Floors’ official entry into the home building market.

In the new role, Dave Sacchetti will oversee the company’s field sales, inside sales, customer success and direct rebate management teams.

In summer 2020, NAHB surveyed more than 3,000 home buyers, both recent and prospective, on the types of features they prefer to have in their homes, including eco-friendly components and designs.

The remodeling market declined significantly at the onset of COVID-19 in March and April 2020, but has since more than fully recovered.

"The increase in lumber prices is forcing our company to delay construction starts, which will only exacerbate the lack of supply in our market," said NAHB first vice chairman Jerry Konter, a home builder and developer from Savannah, Georgia.

NAHB analysis of Census data reveals that 34 percent of total multifamily construction occurred in lower density, lower cost markets in 2020.

The National Association of Home Builders named the recipients of the 15th annual NAHB/Builders Mutual Insurance Company Safety Award for Excellence for their commitment to strong safety programs.