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, July 19, 2023-The American Institute of Architect’s (AIA) Consensus Construction Forecast panel has optimistic projections for nonresidential building spending in late 2023 and beyond, and the news is generally positive-with a caveat.
Washington, DC, July 19, 2023—Mortgage applications increased 1.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 14, 2023.
New York, NY, July 19, 2023-"An unexpected group of workers is leading the resistance to the five-day office week: top-tier executives,” reports the Wall Street Journal.
New York, NY, July 19, 2023—"After mortgage rates shot up last year, Ivory Homes, one of Utah’s largest builders, suddenly had few buyers for the hundreds of homes it had under construction. So Clark Ivory, the chief executive, laid off 9% of his staff, and by January he had slashed construction by nearly 80% from its 2022 peak,” reports the Wall Street Journal.
Gray Court, SC, July 19, 2023- The National Association of Floor Covering Technicians (NAFCT) is proud to announce the appointment of Andy McWilliams of Novalis U.S. as the education committee chairman.
Dalton, GA, July 19, 2023-Coretec, Shaw Industries’ premium luxury vinyl brand, is hosting a one-hour WPC training on July 28 at 11:00 a.m. EDT.
Washington, DC, July 18, 2023—Builder confidence in the market for newly built single-family homes in July posted a one-point gain to 56, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
Washington, DC, July 18, 2023-Advance estimates of U.S. retail and food services sales for June 2023 were $689.5 billion, up 0.2% from the previous month, and up 1.5% above June 2022, according to the U.S. Census Bureau.
Washington, DC, July 18, 2023-Industrial production declined 0.5% in June for a second consecutive month but advanced 0.7% at an annual rate for Q2 as a whole, according to the Federal Reserve.
Calhoun, GA, July 18, 2023-Mohawk announced that Wim Messiaen will join the company on October 16, following the completion of his contractual notice, and will succeed Bernard Thiers as president of the company’s Flooring Rest of the World segment, effective February 1, 2024.