Total Construction Starts Slid 6% in September
Hamilton, NJ, October 18, 2023—Total construction starts fell 6% in September to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge Construction Network.
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 Declined 6.9% in Week Ending October 13
Washington, DC, October 18, 2023—Mortgage applications decreased 6.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 13, 2023.
Cyncly Acquires Mobile Marketing
London, UK, October 16, 2023-Cyncly, a global provider of end-to-end software and content solutions to the spaces-for-living industry, has completed the acquisition of Mobile Marketing, a technology-led web services and digital marketing solution provider tailored to flooring retailers in North America.
September Retail Sales Rose 0.7% from August, Up 3.8% YOY
Washington, DC, October 17, 2023-- Advance estimates of U.S. retail and food services sales for September 2023 were $704.9 billion, up 0.7% from the previous month and up 3.8% above September 2022, according to the U.S Census Bureau.
Homebuilder Confidence Declined Four Points to 40 in October
Washington, DC, October 17, 2023—Builder confidence in the market for newly built single-family homes in October fell four points to 40 from a downwardly revised September reading, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
Mannington Signs United Nations Global Compact
Salem, NJ, October 17, 2023-Mannington Mills has signed onto the United Nations Global Compact, demonstrating its commitment to advancing best practices concerning human rights, labor, the environment and anti-corruption.
Industrial Production Rose 0.3% in September
Washington, DC, October 17, 2023—Industrial production increased 0.3% in September and advanced at an annual rate of 2.5% in Q3, according to the Federal Reserve.
Roppe Awarded Sourcewell Cooperative Purchasing Contract
Fostoria, OH, October 17, 2023—Roppe Corporation has been awarded a cooperative purchasing contract in the flooring materials with related supplies and services category at Sourcewell.
NWFA Releases 2024 Training Calendar
Saint Louis, MO (October 17, 2023) The National Wood Flooring Association has released its 2024 Hands-On Training Calendar.
Distributive Trade Sales & Manufacturer Shipments Up 1.3% in August
Washington, DC, October 17, 2023—The combined value of distributive trade sales and manufacturers’ shipments for August was estimated at $1,857.2 billion, up 1.3% from July 2023 and was up 0.2% from August 2022, according to the U.S. Census Bureau.