Personal Income & Spending Down in November
Washington, DC, December 23, 2020—Personal income decreased $221.8 billion (1.1%) in November according to estimates released by the Bureau of Economic Analysis.
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.
Mortgage Applications Rose 0.8% in Third Week of December
Washington, DC, December 23, 2020—Mortgage applications increased 0.8% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending December 18, 2020.
Initial Jobless Claims Declined by 89,000 in Third Week of Dec.
Washington, DC, December 23, 2020—In the week ending December 19, the advance figure for seasonally adjusted initial claims was 803,000, a decrease of 89,000 from the previous week's revised level, according to the Department of Labor.
Nov. Existing Home Sales Up 25.8% YOY, but Down 2.5% from Oct.
Washington, DC, December 22, 2020-Total existing-home sales decreased 2.5% from October to a seasonally-adjusted annual rate of 6.69 million in November, according to the National Association of Realtors. However, sales in total rose year-over-year, up 25.8% from a year ago (5.32 million in November 2019).
NTCA Announces 2021-2022 Roster of Leadership
Flowood, MS, December 22, 2020—The National Tile Contractors Association (NTCA), the world's largest tile contractor association, elected new officers and board members for 2021 and 2022 at its annual meeting, held virtually on December 3, 2020.
Q3 GDP Revised Up to 33.4% in Third Estimate
Washington, DC, December 22, 2020-Real gross domestic product (GDP) increased at an annual rate of 33.4% in Q3 2020, according to the third estimate released by the Bureau of Economic Analysis.
Jer-And Acquired by WILsquare Capital's Crown Products
St. Louis, MO, December 22, 2020-WILsquare Capital, a St. Louis-based private equity firm, announced that its portfolio company Crown Products has completed the acquisition of substantially all of the assets of Jer-And, a distributor of flooring and flooring installation solutions based in St. Louis.
Armstrong to Close California Plant After 82 Years of Operation
Lancaster, PA, December 21, 2020-Armstrong Flooring will close its flooring plant near Los Angeles, California in the first quarter, according to Lancaster Today.
Shaw Sports' NXTPlay Earns Cradle to Cradle Certification
Calhoun, GA, December 21, 2020—Shaw Sports Turf announces that its NXTPlay high-performance shock pad product is the first Shaw turf product of any type to be Cradle to Cradle Certified.
Covid Relief Package May Exempt Borrowers from Paying Tax on PPP Loans
New York, NY, December 21, 2020-The new Coronavirus relief bill could clear Paycheck Protection Program (PPP) borrowers from paying tax on their loans.