Construction Starts Rose 4% in October on Commercial Strength
Bedford, MA, November 22, 2024—Total construction starts increased 4% in October to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge Construction Network.
Today's Flooring News
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Consumer Sentiment Rose 1.8% to 71.8 in November
Ann Arbor, MI, November 22, 2024—Consumer sentiment rose 1.8% to 71.8 in November, according to final results from the University of Michigan Survey of Consumers.
Container Rates Down Despite Buying Ahead of Trump Tariffs
London, UK, November 22, 2024—"Spot ocean container rates fell 1% this week to an average of $3,413 per 40-foot container, according to rate tracker Drewry. Rates have been falling more or less since July, despite a 4% spike seen two weeks ago,” reports Furniture Today.
Hurricane Helene Caused $213M in Damage to NC Forests
Washington, DC, November 22, 2024—The North Carolina Forest Service reported that Hurricane Helene caused more than $213 million of damage to western North Carolina forests across more than 800,000 acres and in 17 counties, according to the Decorative Hardwoods Association.
Schattdecor Starts Hotmelt Adhesive Production Line in SC
Lexington, SC, November 22, 2024-Schattdecor announced the startup of its Hotmelt Adhesive production line in Lexington, South Carolina.
Rick Shane, Owner of Bestflor Distributors, Has Died
Hartford, CT, November 22, 2024-Richard (Rick) Shane, owner of Bestflor Distributors, has died.
Existing-Home Sales Rose 3.4% in October
Washington, DC, November 21, 2024—Total existing-home sales expanded 3.4% from September to a seasonally adjusted annual rate of 3.96 million in October, according to the National Association of Realtors.
Median Family Spends 38% of Income on House Payments
Washington, DC, November 21, 2024—In another sign of America’s ongoing housing affordability crisis, the National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI) found that in Q3 2024, a family earning the nation’s median income of $97,800 needed 38% of its income to cover the mortgage payment on a median-priced new home.
BDNY 2024 Product Design Winners Announced
New York, NY, November 21, 2024— Winners and finalists of the 2024 Best of BDNY Product Design Competition has been announced.
Cain & Bultman Forms Distribution Partnership with Pliteq
Jacksonville, FL, November 21, 2024—Cain & Bultman has entered into a distribution partnership with Pliteq, Inc.