Floor Covering News

AUGUST 9, 2024

Every two weeks, FCNews seeks out flooring retailers across the country to offer their advice on hot topics of the day. This week, we asked: What truly motivates your sales team? Here are their responses: Overall, the best and most fair plan we have is draw vs. commission. This gives the salesperson a ‘guarantee’ and the opportunity to make more with commissions.

Sales 59

Sales Iowa Ohio System 59

Floor Covering News

AUGUST 9, 2024

Washington, D.C.—Home prices experienced a third year-over-year deceleration in May, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. On a year-over-year basis, the non-seasonally adjusted (NSA) index posted a 5.94% annual gain in May, down from a 6.39% increase in April. Since June of 2023, the index had seen steady increases in the year-over-year growth rate.

Cleveland 45

Cleveland Detroit Phoenix Portland 45

Floor Covering News

AUGUST 9, 2024

Washington, D.C.—Elevated interest rates for home mortgages and construction and development loans kept single-family production and demand in check during June, according to the National Association of Home Builders (NAHB). Overall housing starts increased 3.0% in June to a seasonally adjusted annual rate of 1.35 million units, according to a report from the U.S.

Wichita 45

Wichita Survey Washington Report 45

Floor Covering News

AUGUST 9, 2024

Washington, D.C.— Mortgage rates that averaged 6.92% in June per Freddie Mac, along with elevated rates for construction and development loans, continue to put a damper on builder confidence, according to the National Association of Home Builders (NAHB). Builder confidence in the market for newly built single-family homes was 42 in July, down one point from June, according to the NAHB/Wells Fargo Housing Market Index (HMI).

Survey 59

Survey Wichita Sales Washington 59

Floor Covering News

AUGUST 9, 2024

Washington, D.C.—Elevated mortgage rates continue to keep buyers on hold as new home sales remained relatively flat in June, according to the National Association of Home Builders (NAHB). Sales of newly built, single-family homes in June fell 0.6% to a 617,000 seasonally adjusted annual rate from a slight upwardly revised reading in May, according to newly released data from the U.S.

Sales 45

Sales Wichita Washington Flooring 45