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Industry News

Durable Goods Orders Rose 0.7% in April

Washington, DC, May 24, 2024—New orders for manufactured durable goods in April, up three consecutive months, increased $1.9 billion or 0.7% to $284.1 billion, the U.S. Census Bureau announced. This followed a 0.8% March increase.

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New Home Sales Declined 4.7% in April

Washington, DC, May 23, 2024—Sales of new single-family houses in April 2024 were at a seasonally adjusted annual rate of 634,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 4.7% below the revised March rate of 665,000 and 7.7% below the April 2023 estimate of 687,000.

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Home-Owning Families Spent 38% of Income on Mortgage in Q1

Washington, DC, May 23, 2024—A new quarterly Cost of Housing Index unveiled by the National Association of Home Builders (NAHB) and Wells Fargo underscores the housing affordability crisis in America by revealing that in Q1 2024, 38% of a typical family’s income was needed to make a mortgage payment on a median priced new single-family home in the United States.

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Mannington Announces 2024 "Art is Cool" Winners

Salem, NJ, May 23, 2024—For 22 years, Mannington Mills has hosted the “Art is Cool” program, recognizing and rewarding the talent of Salem County, New Jersey high school students and encouraging them to pursue their artistic endeavors.

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Recent Industry Events

Interviews

TM Nuckols Discusses Fabrica's Reputation and Growth Over 50 Years

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Josh Friedman Discusses Business Conditions at DFS and the Starnet Meeting

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Dave Meberg Discusses Latest Expansion News at Consolidated Flooring

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Steve Cloud Discusses His Focus as Chairman of Starnet

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Kevin Croshal Discusses His Next Generation Surfaces Contracting Business

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