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.
Washington, DC, August 18, 2023—"The average mortgage rate rose to 7.09%, its highest level in more than 20 years, according to data released Thursday by mortgage giant Freddie Mac,” according to the Wall Street Journal.
Dalton, GA, August 18, 2023-Kaleen is updating its product offering and service options starting fall 2023 to focus on four key segments: customization, carpets/broadloom, Luxe collection and handmade soft flooring goods.
New York, NY, August 17, 2023—"Most Federal Reserve officials backed an increase in interest rates last month but some saw rising risks that they might raise rates too high, underscoring growing caution about further increases,” reports the Wall Street
Washington, DC, August 17, 2023—In the week ending August 12, the advance figure for seasonally adjusted initial claims was 239,000, a decrease of 11,000 from the previous week's revised level, according to the Department of Labor.
North Kingstown, RI, August 17, 2023-Toray Plastics (America) announces that John Eustis has been promoted to senior vice president of U.S. group procurement at Toray Industries (America) and now supports the procurement activities of the Toray U.S. Group’s ten companies.
Washington, DC, August 16, 2023—Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,452,000, 3.9% above the revised June estimate of 1,398,000 and is 5.9% above the July 2022 rate of 1,371,000, according to the U.S. Census Bureau.
Washington, DC, August 16, 2023-Mortgage applications decreased 0.8% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 11, 2023.
Washington, DC, August 16, 2023—In July, total industrial production increased 1.0% following declines in the previous two months, according to the Federal Reserve.
Calhoun, GA, August 15, 2023-Mohawk is joining Susan G. Komen to cushion the fight against breast cancer during the 2023 Komen 3-Day Series for the ninth consecutive year.
Dalton, GA, August 16, 2023—Novalis Innovative Flooring is pleased to announce the addition of Jeff Berl as the director of business development.