While single-family construction expanded in the first quarter despite higher mortgage rates, multifamily construction for 2024 is experiencing a notable slowdown primarily because financing conditions.
Confidence in the market for new multifamily housing declined year-over-year in the first quarter of 2024, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB).
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 6.1% in April to 173.9 (2000=100) from the revised March reading of 164.0. Over the month, commercial planning improved 12.6% and institutional planning dropped 6.3%.
Coinciding with optimism in the builder market, new flooring options aim to ease supply chains stresses, increase durability and amplify style within a tighter price point.
CTDA announces the production of the 2024 CTDA Financial Benchmarking Program. The program is designed to optimize distributor performance in an environment of relentless pressure on profit margins.
In order to capitalize on the growing market, flooring manufacturers and suppliers will need to address challenges related to waste disposal, installation, renovation, and demolition.
Fact.MR, a leading provider of market research, recently released a study indicating that the global floor care machine market is forecasted to achieve a valuation of US$ 5.92 billion by 2024.
Sales of newly built, single-family homes in February edged 0.3% lower to a 662,000 seasonally adjusted annual rate, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
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