NAFCD + NBMDA Announce 2023 Annual Convention Speakers
Chicago, IL, September 6, 2023-This fall, NAFCD and NBMDA plan to host a wide range of subject-matter experts at the 2023 NAFCD + NBMDA Annual Convention.
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 2.9% in Week Ending September 1
Washington, DC, September 6, 2023—Mortgage applications decreased 2.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 1, 2023.
Oil-Production Cuts Indicate Slowdown in Chinese Economy
Washington, DC, September 6, 2023—"An extension of oil-production cuts by two of the world’s largest crude exporters Tuesday hardened Wall Street’s fears that the Chinese economy has hit a rough patch that could slow global growth,” according to the Wall Street Journal.
Single-Family Construction Slowdown Hitting Large Metro Areas Hardest
Washington, DC, September 5, 2023—Rising mortgage rates and elevated construction costs have taken a toll on the pace of single-family construction in markets across the nation, with the slowdown most pronounced in large metro areas.
Factory Orders Declined 2.1% in July
Washington, DC, September 5, 2023—New orders for manufactured goods in July, down following four consecutive monthly increases, decreased $12.7 billion or 2.1% to $579.4 billion, the U.S. Census Bureau reported.
Artisan Design Group Acquires KB Kitchen & Bath
Dallas, TX, September 5, 2023-Artisan Design Group, a portfolio company of The Sterling Group, announced the acquisition of KB Kitchen & Bath.
Mike Johnson Named VP of National Accounts for Dixie
Dalton, GA, September 5, 2023—The Dixie Group has announced the addition of Mike Johnson to the organization as vice president of national accounts, where he will lead the business with the buying groups and other national accounts.
Housing Slowdown Challenges Supporting Finish Industries
Charlotte, NC, September 5, 2023—“The market for doors, windows, and hardware has been challenged by the recent housing slowdown,” reports Truist Securities.
Construction Spending Rose 0.7% in July
Washington, DC, September 1, 2023—Construction spending during July 2023 was estimated at a seasonally adjusted annual rate of $1,972.6 billion, 0.7% above the revised June estimate of $1,958.9 billion, according to the U.S. Census Bureau.
MSI to Add Orlando Warehouse
Orlando FL, September 1, 2023-MSI International plans to build a warehouse in Orlando, Florida, reports the Orlando Business Journal.