The overall drop in the Index stemmed in part from the fact that very few contractors (16%) now express high confidence in the market’s ability to provide new business opportunities in the next 12 months, and there was a 30 percentage point drop in contractors expecting their revenues to increase.
In a further sign that the housing market is rebounding from the COVID-19 pandemic, sales of newly built, single-family homes rose 16.6 percent to a seasonally adjusted annual rate of 676,000 units in May from a downwardly revised reading in April.
As part of its ongoing commitment to provide leading insights into the kitchen and bath industry, the National Kitchen & Bath Association released benchmark research on the impact people’s behavior, life stage and habits have on kitchen and bath design.
Existing-home sales fell in May, marking a three-month decline in sales as a result of the coronavirus outbreak, according to the National Association of Realtors.
This snapshot showcases how the manufacturer’s key goals came to fruition through environmental, social and community initiatives, and provides an assessment of the progress Mohawk is making toward reducing the consumption of natural resources in its operations around the globe.
Almost 60 percent of Americans think COVID-19 has changed the way we work for the better, according to WalletHub’s nationally representative Coronavirus and Working from Home Survey.
In a sign that the housing market continues to show forward momentum, single-family permits posted an 11.9 percent gain in May, while total housing starts increased 4.3 percent to a seasonally adjusted annual rate of 974,000 units.
In a sign that housing stands poised to lead a post-pandemic economic recovery, builder confidence in the market for newly-built single-family homes jumped 21 points to 58 in June.