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Crossville’s Noah Chitty appointed as ISO/TC 189 committee chairman

Floor Covering News

His term runs from 2019 through 2024. The ISO/TC 189 Committee is the global entity that oversees and sets the standards for the tile industry. —Noah Chitty, director of technical services for Crossville, Inc., has been appointed to serve as the chairman of the ISO/TC 189 committee.

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Economics: Headwinds will moderate growth in 2024 

Floor Covering News

Businesses and consumers should expect to see high interest rates heading into 2024 , although the rate of increase and severity of the increases should be lower during the year. housing market “The housing market will begin to stabilize as we go through 2024 and begin to show more appreciable signs of recovery in 2025,” Beaulieu said. “If

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NAFCD + NBMDA conference kicks off in Colorado

Floor Covering News

Known for its high accuracy rate in economic forecasting—particularly in bellwether sectors such as housing, construction and building materials—ITR aimed to address attendees’ concerns about the state of the economy heading into 2024. However, the term “recovery,” by ITR Economics’ standards, means conditions are becoming worse less quickly.

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NAFCD+NBMDA conference puts education, networking front and center

Floor Covering News

Known for its high accuracy rate in economic forecasting—particularly in bellwether sectors such as housing, construction and building materials—ITR aimed to address attendees’ concerns about the state of the economy heading into 2024. However, the term “recovery,” by ITR Economics’ standards, means conditions are becoming worse less quickly.

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NAFCD 2023: Forecast shows improvement over long term

Floor Covering News

The housing market will begin to stabilize as we go through 2024 and begin to show more appreciable signs of recovery in 2025,” Beaulieu told the capacity crowd. “If If you’re on the non-residential side of the street, you’re going to be doing very well in 2024 but you’re going to see some pain in 2025.” rates we had back in 2019-2020.

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STATS: Carpet rebounds after dismal Q2

Floor Covering News

billion in 2019. According to a Congressional Budget Office report, the number of employed Americans won’t return to pre-pandemic levels until 2024—even as the broader economy is expected to fully recover by the middle of 2021. When all the numbers were crunched for 2020, FCNews research shows overall carpet sales fell 12.5%

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Resilient 2023: Industry-wide challenges mitigate growth

Floor Covering News

It’s likely that they’re still above 2019 levels for a lot of products but we could continue to see deflation depending on what happens with the economy.” There are some bright spots that have helped drive resilient sales this year and will continue to push the category forward into 2024, namely the builder and commercial segments.