Today's Flooring News

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.

Housing Starts Rose 3.9% in July

Housing Starts Rose 3.9% in July

Washington, DC, August 16, 2023—Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,452,000, 3.9% above the revised June estimate of 1,398,000 and is 5.9% above the July 2022 rate of 1,371,000, according to the U.S. Census Bureau.

Industrial Production Rose 1.0% in July

Industrial Production Rose 1.0% in July

Washington, DC, August 16, 2023—In July, total industrial production increased 1.0% following declines in the previous two months, according to the Federal Reserve.

Home Depot Q2 Sales Down 2.0% YOY, Earnings Down 9.9%

Home Depot Q2 Sales Down 2.0% YOY, Earnings Down 9.9%

Atlanta, GA, August 15, 2023-The Home Depot reported Q2 2023 sales of $42.9 billion for the, a decrease of 2.0% from Q2 2022’s $43.8 billion. Comparable sales for Q2 2023 decreased 2.0%, and comparable sales in the U.S. decreased 2.0%.

Builder Confidence Fell Six Points to 50 in August

Builder Confidence Fell Six Points to 50 in August

Washington, DC, August 15, 2023—Builder confidence in the market for newly built single-family homes in August fell six points to 50, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).