A Charlottesville/Albemarle Area RE Blog tracking the market's Boom Bubble Bust Bounce, from 2008 to 2013. The second half of 2010 saw a steep downward spiral in sales; 2011 saw sales volume at 13 yr lo with prices dropping each Quarter. 2012 began with even lower prices which resulted in an uptick in Y/Y sales, and mid-2012 saw "Carpe Diem" trumping "Caveat Emptor." 2013: Booming. Are we a "Protected Market" once again? Time will tell.
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Tuesday, October 20, 2009
Mohawk Plant Closing
The massive Waynesboro installation has already had more than 100 layoffs. Now 120 employees, many of whom were long-term, will lose jobs a week before Christmas.
Although the largest flooring producer in the world, the drop in new home construction and corresponding lack of carpet demand has challenged Mohawk, said Kemp Harr, publisher of Floor Focus Magazine.
The carpet market is down about 35 percent since its peak in 2005.