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.

Durkan's DSCVR Student Design Competition Accepting Submissions

Dalton, GA, February 10, 2023—Durkan, Mohawk Group Hospitality, is now accepting artwork submissions for its annual DSCVR Student Design Competition.

Housing Affordability Hits Record Low but Nears Turning Point

Washington, DC, February 9, 2023—Mirroring a steep rise in mortgage rates that began in the early part of 2022 and coupled with ongoing building material supply chain bottlenecks that increased construction costs, housing affordability posted three consecutive quarterly declines in 2022 and now stands at its lowest level since the National Association of Home Builders (NAHB) began tracking it on a consistent basis in 2012.

U.S.-China Trade On the Rise, As Flooring Imports from China Decline

New York, NY, February 9, 2023-Despite security concerns, U.S. commerce with China is on the rise, reports the Wall Street Journal.

Initial Jobless Claims Rose by 13,000 in Week Ending February 4

Washington, DC, February 9, 2023—In the week ending February 4, the advance figure for seasonally adjusted initial claims was 196,000, an increase of 13,000 from the previous week's unrevised level of 183,000, according to the Department of Labor.

KBIS Welcomed Record Number of Attendees to 2023 Event

Bethlehem, PA, February 9, 2023—The Kitchen & Bath Industry Show (KBIS), owned by the National Kitchen and Bath Association (NKBA), just had one of the most successful shows in its nearly 60-year history.

Mortgage Applications Rose 7.4% in Week Ending February 3

Washington, DC, February 8, 2023—Mortgage applications increased 7.4% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 3, 2023.

Dodge Momentum Index Declined 8.4% in January

Hamilton, NJ, February 8, 2023—The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 8.4% in January to 201.5 (2000=100) from the revised December reading of 220.0. In January, the commercial component of the DMI fell 10.0%, and the institutional component receded 4.7%.