Breaking Flooring News

Slowing of Residential Remodel Expected to Extend into 2025

Slowing of Residential Remodel Expected to Extend into 2025

Cambridge, MA, April 18, 2024—Annual expenditures for improvements and repairs to owner-occupied homes are projected to decrease this year and into Q1 2025, but at a moderating rate, according to the Leading Indicator of Remodeling Activity (LIRA) by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

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Industry News

I4F Forms Partnership with Akgün Group-Duratiles

Turnhout, Belgium, April 18, 2024—I4F, a group of companies providing patents and technologies to the flooring industry, has joined forces with the Akgün Group-Duratiles to bring a “clickable” floating floor installation system to the world of ceramics.

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Construction Backlog Indicator Inched Up to 8.2 Months in March

Washington, DC, April 17, 2024—Associated Builders and Contractors reported that its Construction Backlog Indicator increased to 8.2 months in March from 8.1 months in February, according to an ABC member survey conducted March 20 to April 3. The reading is down 0.5 months from March 2023.

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Economists Raising Expectations for U.S. Economy

New York, NY, April 17, 2024—"The Wall Street Journal’s latest quarterly survey of business and academic economists shows forecasters ratcheting up their expectations for economic growth, inflation and the level of future interest rates.

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Recent Industry Events

Interviews

Pat Oakley Discusses His New Role at Mullican and the Hardwood Flooring Market

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Brett Miller Discusses His Consumer Advice for Selecting the Right Floorcovering

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Brian Carson Discusses AHF Products Acquisition of Two Sawmills in W.V.

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Michael Martin Discusses Health of Wood Flooring Business and Upcoming NWFA Expo

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Paul Murfin Discusses his New Role with SamplesApp

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