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.
Portsmouth, NH, January 23, 2023—At the close of 2022’s Q4, the U.S. construction pipeline stood at 5,465 projects/650,626 rooms, up 14% by projects and 12% rooms Year-Over-Year (YOY), in the most recent Construction Pipeline Trend Report for the United States (U.S.) from Lodging Econometrics.
Washington, D.C., January 20, 2023--Existing-home sales retreated for the 11th consecutive month in December, according to the National Association of Realtors (NAR).
Washington, D.C., January 20, 2023--In the week ending January 14, 2023, the advance figure for seasonally adjusted initial claims for unemployment insurance was 190,000, a decrease of 15,000 from the previous week's unrevised level of 205,000, according to the Department of Labor.
Washington, D.C., January 20, 2023--Privately owned housing starts in December were at a seasonally adjusted annual rate of 1,382,000, which is 1.4% below the revised November estimate of 1,401,000 and 21.8% below the December 2021 rate of 1,768,000, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
Savannah, GA, January 20, 2023--The Georgia Ports Authority (GPA) in 2022 handled 5.9 million 20-foot equivalent units--more containers than ever before and a 5% increase over 2021--as gluts of imports caused widespread port backups, reports FreightWaves, a news source covering the logistics industry.
Nashville, TN, January 20, 2023--Polysport, a national installation company for sport surfacing solutions, has entered into an exclusive agreement with Conica, a Switzerland-based producer of sports and recreational flooring.
Cambridge, MA, January 19, 2023--After several years of double-digit gains, expenditures for improvements and repairs to the owner-occupied housing stock are expected to grow only modestly in 2023, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
Washington, DC, January 19, 2023--Mortgage applications increased 27.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 13, 2023.
Anderson, SC, January 19, 2023--Through 3Q 2022, total U.S. ceramic tile consumption was up 1.3% by volume year over year, reports the Tile Council of North America.
Washington, DC, January 19, 2023--Industrial production decreased 0.7% in December and 1.7% at an annual rate in the fourth quarter, according to the Federal Reserve.