Breaking Flooring News

Single-Family Home Construction Spurred by Covid Has Slowed

Washington, DC, December 7, 2022—The big jump in single-family home building activity that occurred in the aftermath of the Covid-19 pandemic in large metro outlying counties and exurban areas has shown a marked decline over the past 12 months, according to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for Q3 2022.

Declining Home Prices Should Help Ease Inflation

New York, NY, December 7, 2022—"The end is in sight for one of the biggest sources of inflation. Surging housing costs helped keep inflation high this year but have likely already swung into reverse, economists say,” reports the Wall Street Journal.

Mortgage Applications Declined 1.9% in Week Ending December 2

Washington, DC, December 7, 2022-Mortgage applications decreased 1.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 2, 2022.

Chinese Exports to U.S. Declined 25% YOY in November

New York, NY, December 7, 2022-"Chinese exports fell at the steepest pace in more than two years in November, the latest indication of how the country’s pandemic restrictions and waning global demand for goods is throttling China’s economy,” reports the Wall Street Journal.

Women's Leadership Conference Slated for January 30 in Las Vegas

Las Vegas, NV, December 7, 2022—The second annual Women's Leadership Conference will take place on January 30 from 1:00 PM to 5:00 PM, in Las Vegas, Nevada, just before the Surfaces trade show.

Tim Hanno Named Director of Sales, South for Louisville Tile

Louisville, KY, December 7, 2022-Louisville Tile Distributors announced that Tim Hanno has been appointed director of sales, South.

Trade Deficit Widened to $78.2B in October

Washington, DC, December 6, 2022—The goods and services deficit was $78.2 billion in October, up $4.0 billion from $74.1 billion in September, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.

HMTX Recognized with 2023 Training APEX Award

Norwalk, CT, December 6, 2022—HMTX Industries was named a winner of the 2023 Training APEX Awards, which ranks companies’ excellence in employer-sponsored training and development programs.

Summer Turner Named VP of Sales for Huali Floors USA

Chatsworth, GA, December 6, 2022—Huali Floors USA has named Summer Turner vice president of sales.

Ian Burt Returns to Aquafil USA as Director of Sales & Marketing

Cartersville, GA, December 6, 2022--Aquafil USA has announced that Ian Burt is returning as director of sales and marketing.

Orders for Manufactured Goods Rose 1.0% in October

Washington, DC, December 5, 2022-- New orders for manufactured goods in October, up twelve of the last thirteen months, increased $5.8 billion or 1.0% to $556.6 billion, the U.S. Census Bureau reported.

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