Pandemic Pushed First-Time Homebuyers into Higher-Priced Homes
Washington, DC, February 24, 2021—The Covid-19 pandemic greatly impacted the first-time homebuyer’s path, moving them into a higher-priced rank of homes, reports Forbes.
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.
Mortgage Applications Slid 11.4% in Third Week of February
Washington, DC, February 24, 2021—Mortgage applications decreased 11.4% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 19, 2021.
Home Depot Sales Rise 25.1% in Q4, 19.9% in Fiscal Year 2020
Atlanta, GA, February 23, 2021—The Home Depot reported Q4 2020 sales of $32.3 billion, an increase of 25.1% from Q4 2019.
Home Prices Rose 10.4% in December, Says Case-Shiller
New York, NY, February 23, 2021-Home prices made a 10.4% annual gain in December, up from 9.5% in the previous month, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported.
Interface Increasing Prices 5% to 7% on Commercial Products
Atlanta, GA, February 23, 2021—Interface will increase prices 5% to 7% in its North American and Latin American portfolios.
U.S. Manufacturers Struggling to Keep Up with Market Recovery
New York, NY, February 23, 2021—U.S. manufacturers aced the shutdown of their factories and warehouses last spring in response to Covid-19, reports the Wall Street Journal. “They’re botching the recovery.
NALFA Names 2021 Officer & Committee Chairs
Washington, DC, February 23, 2021—The North American Laminate Flooring Association (NALFA) welcomes new officer and committee chairs as of January.
Mohawk Group Showrooms to Achieve WELL Health-Safety Rating
Calhoun, GA, February 23, 2021-Mohawk Group announces that all of its commercial showrooms and design studios are set to achieve the WELL Health-Safety Rating from the International WELL Building Institute (IWBI).
New Home Lot Supply Index Slide 11.6% in 55.1 in Q4 2020
Costa Mesa, CA, February 22, 2021-Zonda’s New Home Lot Supply Index slid to 55.1 in Q4 2020.
Wayde Hayley Named a Regional Sales Director for Torlys
Toronto, ON, February 22, 2021-Torlys has announced the addition of Wayde Hayley as regional sales director, British Columbia and Alberta.