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.

Multifamily Starts Predicted to Slow From High Production Levels in '23

Multifamily Starts Predicted to Slow From High Production Levels in '23

Washington, DC, February 2, 2023—Multifamily starts are predicted to fall in 2023, following an unsustainable high level of production last year, according to the National Association of Home Builders (NAHB). Meanwhile, the remodeling sector remains on solid ground and will do better than the single-family and multifamily markets in 2023.

Construction Spending Declined 0.4% in December

Construction Spending Declined 0.4% in December

Washington, DC, February 1, 2023—Construction spending during December 2022 was estimated at a seasonally adjusted annual rate of $1,809.8 billion, 0.4% below the revised November estimate of $1,817.3 billion, according to the U.S. Census Bureau. The December figure is 7.7% above the December 2021 estimate of $1,681.0 billion.