Breaking Flooring News

Builder Confidence Rose to 41 in September

Washington, DC, September 17, 2024—Builder confidence in the market for newly built single-family homes was 41 in September, up two points from a reading of 39 in August, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

California Carpet Recycling Rate Rose to 41% in Q1

Dalton, GA, September 17, 2024—On September 1, CARE submitted the California Carpet Stewardship Program’s 2023 Annual Report to CalRecycle, highlighting a historically high recycling rate among other achievements.

Retail Sales Inched Up 0.1% in August

Washington, DC, September 17, 2024—Advance estimates of U.S. retail and food services sales for August 2024 were $710.8 billion, an increase of 0.1% from the previous month and up 2.1% from August 2023, according to the U.S. Census Bureau.

Industrial Production Rose 0.8% in August

Washington, DC, September 17, 2024—In August, industrial production rose 0.8% after falling 0.9% in July, according to the Federal Reserve.

Longshoremen's Contract Expiration May Disrupt East & Gulf Ports

Hamburg, DE, September 17, 2024-The International Longshoremen’s Association (ILA), representing more than 85,000 dockworkers on the East and Gulf Coasts of the U.S., faces a contract expiration on September 30, 2024.

Specialty Tile Products Opens Retail Location in Orlando

Orlando, FL, September 17, 2024—Specialty Tile Products has opened a new retail showroom in the Ivanhoe Design District in Orlando, Florida (1323 Brookhaven Drive).

Flack's Flooring Opens in Cumming, Georgia

Cumming, GA, September 17, 2024—Flack's Flooring is now open for business in Cumming, Georgia.

Mortgage Payments Less Than Rent in 22 U.S. Metro Areas

Seattle, WA, September 16, 2024—The monthly cost of homeownership may be more attainable than people think. But, it depends on where they live.

Median U.S. Rent Rose 0.9% YOY in August

Seattle, WA, Setpember 16, 2024-The median U.S. asking rent rose 0.9% year over year in August to $1,645-the biggest annual increase since April 2023, according to RedFin. Rents were up 0.1% on a month-over-month basis.

Bentley Names Catherine Prossen VP of Business Development

City of Industry, CA, September 16, 2024—Catherine Prossen has been named vice president of business development for Bentley Mills.

Consumer Sentiment Rises 1.6% to 69 in Early September

Ann Arbor, MI, September 13, 2024—Consumer sentiment rose 1.6% to 69.0 in early September, according to preliminary results from the University of Michigan Survey of Consumers.

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