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Multifamily developer confidence falls in second quarter
Washington, D.C.—Multifamily developer confidence declined year-over-year in the second quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices....
NAFCD, NBMDA annual convention supports give-back initiatives
New Orleans, La.—As a part of its respective annual give-back programs, both NAFCD and NBMDA are set to donate $20 per attendee to nonprofits during its 2024 Annual Convention. The event, set to take place here from October 22-24, is expected to have over 1,000...
Suppliers seek to make their mark
Behind every molding or accessory is the company that makes the product. These manufacturers come in all sizes, capabilities and backgrounds—albeit with one goal in common: to stand out from the competition. FCNews asked several moldings/accessories manufacturers to...
Raskin Industries re-emerges more refined, rejuvenated
In 2023, Gabrielle Raskin joined Raskin Industries to work alongside her father, Michael, as a fourth-gen employee. Washington, D.C.—Raskin Industries has been flying under the radar for the past year plus, and that has been by design. The company has spent the past...
High mortgage rates continue to hold back builder confidence
Washington, D.C.—Mortgage rates that averaged 6.92% in June per Freddie Mac, along with elevated rates for construction and development loans, continue to put a damper on builder confidence, according to the National Association of Home Builders (NAHB). Builder...
Single-family starts weaken in June
Washington, D.C.—Elevated interest rates for home mortgages and construction and development loans kept single-family production and demand in check during June, according to the National Association of Home Builders (NAHB). Overall housing starts increased 3.0% in...
Home price gains moderate for third straight month
Washington, D.C.—Home prices experienced a third year-over-year deceleration in May, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. On a year-over-year basis, the non-seasonally adjusted (NSA) index posted a 5.94% annual gain in May,...
Retailers React: How are your sales associates compensated?
Every two weeks, FCNews seeks out flooring retailers across the country to offer their advice on hot topics of the day. This week, we asked: What truly motivates your sales team? Here are their responses: Overall, the best and most fair plan we have is draw vs....
New home sales soft in June as mortgage rates remain high
Washington, D.C.—Elevated mortgage rates continue to keep buyers on hold as new home sales remained relatively flat in June, according to the National Association of Home Builders (NAHB). Sales of newly built, single-family homes in June fell 0.6% to a 617,000...
Flor welcomes fall season with new area rugs
Atlanta, Ga.—Flor, a high-end area rug brand for homes, offices and other spaces, launched its fall collection, designed to bring this season’s trends to life. The collection features a balance of visually bold patterns and subtle textural finishes, intended to allow...
Mohawk, Performance Accessories to sponsor TISE competition
Calhoun, Ga.—Mohawk and Performance Accessories are sponsoring The International Surface Event (TISE) National Installer of the Year Competition for the third consecutive year. Participants across the country will install Mohawk carpet and resilient flooring with...
Sheoga Hardwood Flooring joins NWFA/NOFMA program
Saint Charles, Mo.—Sheoga Hardwood Flooring is the latest company to have earned NWFA/NOFMA Mill Certification from the National Wood Flooring Association. “Sheoga Hardwood Flooring has a reputation for providing locally sourced, precisely milled, exceptional wood...
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