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Sep 05, 2023 / The Right News Right When It Happens

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Single-Family Construction Slowdown Hitting Large Metro Areas Hardest

Washington, DC, September 5, 2023—Rising mortgage rates and elevated construction costs have taken a toll on the pace of single-family construction in markets across the nation, with the slowdown most pronounced in large metro areas.

Today's Flooring News

Factory Orders Declined 2.1% in July

Washington, DC, September 5, 2023—New orders for manufactured goods in July, down following four consecutive monthly increases, decreased $12.7 billion or 2.1% to $579.4 billion, the U.S. Census Bureau reported.

Artisan Design Group Acquires KB Kitchen & Bath

Dallas, TX, September 5, 2023-Artisan Design Group, a portfolio company of The Sterling Group, announced the acquisition of KB Kitchen & Bath.

Mike Johnson Named VP of National Accounts for Dixie

Dalton, GA, September 5, 2023—The Dixie Group has announced the addition of Mike Johnson to the organization as vice president of national accounts, where he will lead the business with the buying groups and other national accounts.

Housing Slowdown Challenges Supporting Finish Industries

Charlotte, NC, September 5, 2023—“The market for doors, windows, and hardware has been challenged by the recent housing slowdown,” reports Truist Securities.