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New home sales post solid gain in March

Floor Covering News

Despite higher interest rates, new home sales rose in March due to limited inventory of existing homes. However, the pace of new home sales will be under pressure in April as mortgage rates moved above 7% , which is expected to moderate sales and increase the use of builder sales incentives this spring. Washington, D.C.—Despite

Sales 59
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Builder sentiment unchanged in April

Floor Covering News

“With many frustrated buyers back on the fence waiting for interest rates to fall, policymakers can help ease affordability challenges by reducing inefficient regulatory rules that raise housing costs and limit supply,” said Carl Harris, NAHB chairman and a custom home builder from Wichita, Kan. HMI tables can be found here.

Wichita 59
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Shaw Floors kicks off virtual conference with ‘SFN Live’

Floor Covering News

Last month, Shaw Floors announced its biennial Shaw Flooring Network conference (SFN), originally scheduled to take place in Orlando in 2021, would instead take place virtually via of a series of online webinars and live educational presentations. Megan and Brian Peed, co-owners of The Floor Boys in Lexington, S.C.,

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Dealers react to Lowe’s Stainmaster buy

Floor Covering News

California-based Flooring 101 plans to retrofit its Stainmaster section with other mill offerings. By Ken Ryan Flooring retailers who operate Stainmaster Flooring Centers (SFC) say they are ready to turn the page on the iconic brand following Stainmaster’s acquisition by home improvement giant Lowe’s.

Wichita 98
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Web exclusive: Retailers grow business with Stainmaster brand

Floor Covering News

In a market where carpet sales have steadily declined, flooring dealers are finding their Stainmaster business is a notable exception. With Stainmaster-branded products, dealers are not only enjoying robust sales but higher profits as consumers gravitate toward these better-end goods. “In At Wichita, Kan.-based

Wichita 80
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SnapCaps makes stair nose installation a breeze

Floor Covering News

By Reginald Tucker A ny experienced floor layer who has installed stair treads or nose caps is acutely aware of the pitfalls of some conventional accessory systems. David Requa and Cory Bodette, co-owners of Snaptech Solutions and operators of a flooring retail store in Raleigh, N.C., recalled how the idea behind SnapCaps was born.

Wichita 76
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Real wood coalition, part 11

Floor Covering News

In wood flooring installation some things remain constant and others are constantly changing. What has changed, experts say, is the method by which wood flooring is installed. In the past, most wood floors were installed by mechanical fasteners over a wood substrate and almost never directly to a concrete substrate.