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, October 26, 2022—Sales of new single-family houses in September 2022 were at a seasonally adjusted annual rate of 603,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 10.9% below the revised August rate of 677,000 and is 17.6% below the September 2021 estimate of 732,000.
New York, NY, October 26, 2022—"Home prices posted their biggest month-on-month decline in more than a decade in August as rising mortgage rates weighed on home-buying demand,” reports the Wall Street Journal.
Lancaster, PA, October 26, 2022-Ecore announced the hiring of Josh Jensen as the new chief financial officer of Ecore International.
New York, NY, October 26, 2022—After a long stretch of record-high rents, Americans are renting fewer apartments as demand in the third quarter fell to its lowest level in 13 years, reports the Wall Street Journal.
Washington, DC, October 26, 2022—Mortgage applications decreased 1.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 21, 2022.
Flowood, MS, October 26, 2022—In November and December, NTCA offers nine free workshops in Minnesota, Iowa, Georgia, Alabama, Louisiana and Florida.
New York, NY, October 25, 2022—Home prices made a 13.0% annual gain in August, down from 15.6% in the previous month, according to The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions.
New York, NY, October 25, 2022—Home-buying demand remained robust in low-cost cities with strong local economies in the third quarter, helping lift Johnson City, Tennessee, to the top of The Wall Street Journal/Realtor.com Emerging Housing Markets Index.
Daytona Beach, FL, October 25, 2022-The Bauwerk Group-comprised of Bauwerk Parkett, Boen, and Somerset Hardwood Flooring-announces that Dan Natkin will assume the responsibilities for sales and marketing at Somerset Hardwood Flooring, in addition to his current role as CEO and managing director for Bauwerk/Boen in North America.
North Las Vegas, NV, October 25, 2022—"A year ago, business was booming for Touchstone Living Inc. The Nevada builder had a list of 639 qualified buyers who wanted homes in its development about 15 miles north of the Las Vegas Strip,” reports the Wall Street Journal.