Confidence in the market for new multifamily housing was in positive territory for the second quarter, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB).

A lack of existing inventory and solid demand helped offset rising mortgage rates and push single-family production higher in July, even as builders continue to grapple with elevated construction and financing costs as well as a lack of skilled labor.

This year marks the 24th Annual George Buckhardt Memorial Fundraiser, which offers financial assistance to flooring installers and their families who have fallen on hard times.

Seven flooring installers competed in either the LVP or carpet category for a chance at the National Installer of the Year title, which will take place during The International Surface Event (TISE) in Las Vegas.

The Federal Reserve’s ongoing rate hikes and persistent inflation levels above historical norms have sparked fear of a potential recession among kitchen and bath professionals, but design firms in the kitchen and bath industry are experiencing a reduced average backlog of 2.6 months for projects.

Higher interest rates, labor shortages and material prices continue to impact the flow of construction starts — resulting in little forward momentum over the last 12 months. 

Rising mortgage rates and high construction costs stemming from a dearth of construction workers, a lack of buildable lots and ongoing shortages of distribution transformers put a chill on builder sentiment in August. 

Retail sales in the United States were up 0.7% month-over-month in July of 2023, marking a fourth consecutive rise, according to the Commerce Department.

Beginning this week, Mohawk will travel the country to provide over 6,200 pieces of SmartCushion for dedicated walkers to use for rest during lunch stops as they walk 60 miles in three days.

More than 2,500 students from the Emilia Romagna, Tuscany, Marche, Lombardy, Veneto and Liguria regions will attend this year’s 40th edition of Cersaie, most of them from artistic high schools and technical institutes specializing in subjects relating to building, environment and territory.