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Aug 21, 2020 / The Right News Right When It Happens

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Existing Home Sales Rose 24.7% in July

Washington, DC, August 21, 2020—Total existing-home sales jumped 24.7% from June to a seasonally-adjusted annual rate of 5.86 million in July, according to the National Association of Realtors.

Today's Flooring News

Confidence in Multifamily Market Rose but Remained Negative in Q2

Washington, DC, August 21, 2020-Confidence in the market for new multifamily housing increased in Q2, however, it still remains in negative territory, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB).

COVID Renovation Boom Results in Shortage of Softwood & Treated Lumber

New York, NY, August 21, 2020-Several major lumber mills cut back on their production when COVID-19 arrived in the U.S. earlier this year, according to Millionacres and reported by Newsweek, and that has resulted in a shortage in softwood and treated lumber supplies.

Sales of Second Homes Slowed then Surged in Pandemic

Washington, DC, August 21, 2020-While in the early months of the coronavirus pandemic, sales of second and vacation homes effectively ceased, builders of these high-end homes are now seeing a surge in demand, though the impact varies widely by market, reports Builder Online.

Shaw Partnering with Sustainable Brands to Host Sept. 1 Webinar

Dalton, GA, August 21, 2020—Shaw is hosting a webinar with Sustainable Brands on September 1 at 1 p.m. EST.

Mercier Hosting Promotion, Giving Event in Celebration 40th of Anniversary

Montmagny, Quebec, August 21, 2020-On its 40th anniversary, Mercier Wood Flooring is having a promotion for its retailers from September 8 to October 31, in addition to donating a portion of its sales from this promotion to charitable organizations that help children that are facing food insecurity.