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 York, NY, November 21, 2022—"It is the $1.7 trillion question for the U.S. economy: How long can the savings consumers built up during the pandemic keep their spending going?,” reports the Wall Street Journal.
St-Georges, Québec, November 18, 2022 – Mirage-the manufacturer behind the Mirage, Vintage, and Ten Oaks brands of hardwood flooring-has acquired Parquets Alexandra.
Washington, DC, November 18, 2022—Total existing-home sales decreased 5.9% from September to a seasonally adjusted annual rate of 4.43 million in October, according to the National Association of Realtors.
Chicago, IL, November 18, 2022-The North American Association of Floor Covering Distributors (NAFCD) and North American Building Material Distribution Association (NBMDA) welcomed nearly 1,100 distributors and suppliers to its 2022 Annual Convention in Chicago, Illinois
St. Louis, MO, November 18, 2022—The National Wood Flooring Association released its 2023 Training Calendar.
Charlotte, NC, November 18, 2022-Analyst Stump & Company issued the following analysis of this year’s BDNY event,
Washington, DC, November 17, 2022-The American Institute of Architects’ (AIA) Architecture Billings Index (ABI) score for October was 47.7, the first decline in billings since January 2021 (any score below 50 indicates a decline in firm billings).
Hamilton, NJ, November 17, 2022 — Total construction starts rose 8% in October to a seasonally adjusted annual rate of $1.12 trillion, according to Dodge Construction Network. In October, nonresidential building starts gained 9%, and nonbuilding starts rose 26%; however, residential starts fell by 3%.
Washington, DC, November 17, 2022-Privately-owned housing starts in October were at a seasonally adjusted annual rate of 1,425,000, 4.2% below the revised September estimate of 1,488,000 and 8.8% below the October 2021 rate of 1,563,000, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
Washington, DC, November 17, 2022—In the week ending November 12, the advance figure for seasonally adjusted initial claims was 222,000, a decrease of 4,000 from the previous week's revised level, according to the Department of Labor.