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.

Builder Confidence Reaches 2nd Highest Level Post-Recession in May

Builder Confidence Reaches 2nd Highest Level Post-Recession in May

Washington, DC, May 15, 2017—In a further sign that the housing market continues to strengthen, builder confidence in the market for newly-built single-family homes rose two points in May to a level of 70 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

Housing Affordability Ticked Up in Q1

Housing Affordability Ticked Up in Q1

Washington, DC, May 12, 2017—Rising wages and moderating home prices offset a rise in mortgage interest rates to give housing affordability a slight boost in the first quarter of 2017, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index.

Consumer Sentiment Up 0.7% to 97.7 in Early May

Consumer Sentiment Up 0.7% to 97.7 in Early May

Ann Arbor, MI, May 12, 2017—Consumer sentiment rose 0.7% to 97.7 in early May over April’s 97.0 rate, according to preliminary results from the University of Michigan’s Survey of Consumers.

Former Renters Are in the Market to Buy, WSJ

Former Renters Are in the Market to Buy, WSJ

New York, NY, May 12, 2017—“First-time buyers are rushing to buy homes after a decade on the sidelines, promising to kick a housing market already flush with luxury sales into higher gear,” according to an article in the Wall Street Journal called Generation of Renters Now Buying.

Retail Sales Up 4.5% in April YOY, 0.4% over March

Retail Sales Up 4.5% in April YOY, 0.4% over March

Washington, DC, May 12, 2017—Advance estimates of U.S. retail and food services sales for April 2017 were $474.9 billion, an increase of 0.4% from the previous month, and 4.5% above April 2016, according to the U.S. Census Bureau.

Consumer Prices Ticked Up 0.2% in April

Consumer Prices Ticked Up 0.2% in April

Washington, DC, May 12, 2017—The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in April on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics has reported.

Intl. Furnishings & Design Assoc. Offering Design Summit in NYC

Intl. Furnishings & Design Assoc. Offering Design Summit in NYC

New York, NY, May 12, 2017—The International Furnishings and Design Association Educational Foundation is presenting its first DesignEdge, a dynamic, day-long summit featuring eminent industry leaders to discuss the future of design while offering inspiration and insight into succeeding during transformative times.