This month, we bring you our annual report on the kitchen and bath design trends that hold the greatest appeal for buyers.
Housing Starts Fell More Than Expected In August
After two months of increases, groundbreaking decreased nearly six percent to a seasonally adjusted annual pace of 1.14 million units, according to data from the Commerce Department.
Reuters reports that even despite the dip, a rebound in permits for single-family houses still indicates a demand for housing. Permits for single-family homes rose 3.7 percent to a 737,000-unit pace.
Demand for housing is being driven by a tightening labor market, which is lifting wages. A survey of homebuilders published on Monday showed confidence hitting an 11-month high in September, with builders bullish about current sales now and over the next six months, as well as prospective buyer traffic.