Bill Wilson Promoted to EVP of Sales & Marketing for Abbey
Bonita Springs, FL, January 2, 2023—Abbey Carpet Company Incorporated named Bill Wilson executive vice president of sales & marketing.
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.
New-Home Sales Rose 5.8% in November
Washington, DC, December 23, 2022—Sales of new single-family houses in November 2022 were at a seasonally adjusted annual rate of 640,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 5.8% above the revised October rate of 605,000 but 15.3% below the November 2021 estimate of 756,000.
Consumer Sentiment Rose 5.1% to 59.7 in December
Ann Arbor, MI, December 23, 2022—Consumer sentiment rose 5.1% to 59.7 in December, according to final results from the University of Michigan Survey of Consumers.
Supply-Chain Challenges Spurred by Covid Now Abated
New York, NY, December 23, 2022—"The Covid-19 pandemic might not be gone, but the global supply-chain crisis it spawned has abated,” reports the Wall Street Journal.
Durable Goods Orders Declined 2.1% in November
Washington, DC, December 23, 2022—New orders for manufactured durable goods in November, down following three consecutive monthly increases, decreased $5.8 billion or 2.1% to $270.6 billion, the U.S. Census Bureau announced. This followed a 0.7% October increase.
Personal Income Rose 0.4% in November, Spending Up 0.1%
Washington, DC, December 23, 2022—Personal income increased $80.1 billion (0.4%) in November, according to estimates released by the Bureau of Economic Analysis.
Housing Market Will Get Worse Before Better, Says Restoration Hardware CEO
Corte Madera, CA, December 23, 2022—Restoration Hardware’s revenues dropped 14% in 2021, reports Unity Marketing. Restoration Hardware is a home furnishings retailer.
Two Torlys Collections Receive Assure Certification
Toronto, ON, December 23, 2022—The entire Torlys EverWood and Torlys EverTile waterproof vinyl lines have been classified as Assure Certified, the quality certification for rigid core vinyl flooring.
Q3 GDP Revised Up to 3.2% in Third Estimate
Washington, DC, December 22, 2022—Real gross domestic product (GDP) increased at an annual rate of 3.2% in Q3 2022, according to the third estimate released by the Bureau of Economic Analysis.
Initial Jobless Claims Rose by 2,000 in Week Ending December 17
Washington, DC, December 22, 2022—In the week ending December 17, the advance figure for seasonally adjusted initial claims was 216,000, an increase of 2,000 from the previous week's revised level, according to the Department of Labor.