Today's Flooring News

Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.

Existing-Home Sales Rose 1.3% in July

Existing-Home Sales Rose 1.3% in July

Washington, DC, August 22, 2024-Total existing-home sales ascended 1.3% from June to a seasonally adjusted annual rate of 3.95 million in July, according to the National Association of Realtors.

Cost of Existing Home Exceeded Cost of New Home in Q2

Cost of Existing Home Exceeded Cost of New Home in Q2

Washington, DC, August 22, 2024—As a result of limited resale inventory and measures by home builders to increase housing affordability, the median price on an existing home in the United States during the second quarter of 2024 was higher than that of a new home.

Multifamily Mortgage Lending Declined 49% in 2023

Multifamily Mortgage Lending Declined 49% in 2023

Washington, DC, August 21, 2024—In 2023, 2,520 different multifamily lenders provided a total of $246.2 billion in new mortgages for apartment buildings with five or more units, according to the Mortgage Bankers Association’s (MBA) annual report of the multifamily lending market.