Hardwood Flooring Imports Declined 15% in June
Washington, DC, August 25, 2023—In June, U.S. imports of hardwood flooring fell by 15% versus May, the second straight month of declines, according to the Decorative Hardwoods Association.
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.
Average Mortgage Rate Rises to 7.23%, Highest Since 2001
New York, NY, August 25, 2023-"Mortgage rates pushed to a fresh two-decade high this week, making it tougher for the housing market to emerge from its stark slowdown,” reports the Wall Street Journal.
Durable Goods Orders Declined 5.2% in July
Washington, DC, August 24, 2023—New orders for manufactured durable goods in July, down following four consecutive monthly increases, decreased $15.5 billion or 5.2% to $285.9 billion, the U.S. Census Bureau announced.
Desert Polymer Flooring Expands into Las Vegas
Las Vegas, NV, August 24, 2023-Desert Polymer Flooring, a distributor of high-performance concrete coatings, equipment and supplies, announced its Las Vegas location will open August 31, the fourth location serving the Southwest United States.
Allied Flooring, Paint and Design Acquires Leominster Floor Covering
Leominster, MA, August 24, 2023—Allied Flooring, Paint and Design acquired Leominster Floor Covering, reports Leominster Champion.
Cyncly Names Ashley Heyday SVP Sales North America
London, UK, August 24, 2023 – Cyncly, a global provider of software and content solutions, announced the appointment of Ashley Heydet as its new senior vice president - sales North America.
NTCA Supporting Freedom to Invest in Tomorrow’s Workforce Act
Jackson, MS, August 24, 2023-The National Tile Contractors Association (NTCA) joined with more than 500 trade associations, professional societies, businesses, and employers to form the Tomorrow’s Workforce Coalition, established to build support for the Freedom to Invest in Tomorrow’s Workforce Act (S. 722 / H.R. 1477).
Initial Jobless Claims Declined by 10,000 in Week Ending August 19
Washington, DC, August 24, 2023—In the week ending August 19, the advance figure for seasonally adjusted initial claims was 230,000, a decrease of 10,000 from the previous week's revised level, according to the Department of Labor.
Architecture Billings Index Steady at 50 in July
Washington, DC, August 23, 2023—The Architecture Billings Index (ABI) score for July was 50.0, indicating that billings at architecture firms remained flat for the month, according to the American Institute of Architects (AIA)/Deltek.
New Home Sales Up 31.5% YOY in July
Washington, DC, August 23, 2023-Sales of new single-family houses in July 2023 were at a seasonally adjusted annual rate of 714,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 4.4% above the revised June rate of 684,000 and 31.5% above the July 2022 estimate of 543,000.