Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Washington, DC, November 22, 2023—In the week ending November 18, the advance figure for seasonally adjusted initial claims was 209,000, a decrease of 24,000 from the previous week's revised level, according to the Department of Labor.
Washington, DC, November 21, 2023—Total existing-home fell 4.1% from September to a seasonally adjusted annual rate of 3.79 million in October, according to the National Association of Realtors.
Mooresville, NC, November 21, 2023-Lowe’s reported Q3 2023 net sales of $20.5 billion, a 12.8% decline compared to sales of $23.5 billion in the same quarter last year.
London, UK, November 21, 2023 – Cyncly, a global provider of software and content solutions, has announced the opening of its AI Innovation Center, an AI strategy and engineering resource that will develop and integrate AI solutions across a range of Cyncly products.
Colorado Springs, CO, November 17, 2023-Two ITR Economics economists presented at the NAFCD convention in Colorado Springs, Colorado.
New York, NY, November 20, 2023-"The office sector’s credit crunch is intensifying. By one measure, it’s now worse than during the 2008-09 global financial crisis,” reports the Wall Street Journal.
Fort Washington, PA, November 20, 2023—A celebration dinner was held last week in Philadelphia in honor of Rick Holden’s retirement from Derr Flooring Company.
Turnhout, Belgium, November 20, 2023-I4F, a group of companies providing patents and technologies to the flooring industry, announced an out-of-court settlement with Australian distributor, Complete Floors and its suppliers.
Washington, DC, November 17, 2023— Privately-owned housing starts in October were at a seasonally adjusted annual rate of 1,372,000, according to the U.S. Census Bureau, 1.9% above the revised September estimate of 1,346,000 but 4.2% below the October 2022 rate of 1,432,000.
Colorado Springs, CO, November 17, 2023-The North American Association of Floor Covering Distributors (NAFCD) elected new board members and officers at the group’s annual convention, which wrapped up yesterday.