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Industry News

90% of Metro Markets Had Home Price Gains in Q3

Washington, DC, November 7, 2024—Approximately 90% of metro markets (196 out of 226, or 87%) registered home price gains in Q3 2024, as the 30-year fixed mortgage rate ranged from 6.08% to 6.95%, according to the National Association of Realtors’ quarterly report.

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Confidence in Multi-Family Market Mixed in Q3

Washington, DC, November 7, 2024—Confidence in the market for new multifamily housing showed mixed results year-over-year in Q3, according to results from the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB).

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Labor Productivity Rose by 2.2% in Q3 2024

Washington, DC, November 7, 2024—Nonfarm business sector labor productivity increased 2.2% in Q3 2024, the U.S. Bureau of Labor Statistics reported, as output increased 3.5% and hours worked increased 1.2%.

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Housing Supply to Remain Tight as Older Americans Age in Place

Washington, DC, November 6, 2024—As older Americans continue to remain living in their homes for longer, and the homeownership rate for Americans over 50 continues to increase, there will be excess demand for older Americans’ homes over the next decade as shifting demographics impact housing for homebuyers of all ages.

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Recent Industry Events

Interviews

Tiffany Davis Discusses her New Role as Marketing Lead for Surfaces

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Bill Blackstock Discusses the RFCI's Fall Meeting in Naples

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Jeff Meadows Discusses Residential Flooring Dealer Trends and Mohawk's Edge Summit

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Dave Meberg Discusses the GNYFC Meeting in Amelia Island

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Rodney McNeil and Natalie Jones Discuss AKC Partnership with Shaw Floors

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