Mon.Nov 20, 2023

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CTEF training classes qualify for FCEF “100 in 100” scholarship

Floor Covering News

Dalton–The CTEF will offer beginning and intermediate training classes that qualify for the Floor Covering Education Foundation (FCEF) “100 in 100” scholarship program announced on November 13, 2023. “100 in 100” stands for 100 scholarships that FCEF will award to cover the full cost of tuition for installation training over 100 days. The promotion kicks off on December 1 and runs through March 10, 2024.

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Multifamily developer confidence weak in Q3

Floor Covering News

Washington, D.C.—Confidence in the market for new multifamily housing was in negative territory for the third quarter, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 38—well below the break-even point of 50—for the third quarter while the Multifamily Occupancy Index (MOI) reading was 82.

Survey 105
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Single-family starts flat in October

Floor Covering News

Washington, D.C.—Single-family construction held steady in October as high mortgage rates depressed demand but more buyers turned to new homes because of a lack of existing inventory, according to the National Association of Home Builders (NAHB). Overall housing starts increased 1.9% in October to a seasonally adjusted annual rate of 1.37 million units, according to a report from the U.S.