Personal Income Rose 0.4% in November, Spending Up 0.1%
Washington, DC, December 23, 2022—Personal income increased $80.1 billion (0.4%) in November, according to estimates released by the Bureau of Economic Analysis.
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.
Housing Market Will Get Worse Before Better, Says Restoration Hardware CEO
Corte Madera, CA, December 23, 2022—Restoration Hardware’s revenues dropped 14% in 2021, reports Unity Marketing. Restoration Hardware is a home furnishings retailer.
Two Torlys Collections Receive Assure Certification
Toronto, ON, December 23, 2022—The entire Torlys EverWood and Torlys EverTile waterproof vinyl lines have been classified as Assure Certified, the quality certification for rigid core vinyl flooring.
Q3 GDP Revised Up to 3.2% in Third Estimate
Washington, DC, December 22, 2022—Real gross domestic product (GDP) increased at an annual rate of 3.2% in Q3 2022, according to the third estimate released by the Bureau of Economic Analysis.
Initial Jobless Claims Rose by 2,000 in Week Ending December 17
Washington, DC, December 22, 2022—In the week ending December 17, the advance figure for seasonally adjusted initial claims was 216,000, an increase of 2,000 from the previous week's revised level, according to the Department of Labor.
Lynx Equity Acquires Florida-Based Resource4Floors
Toronto, ON, December 21, 2022-Lynx is pleased to announce the synergistic acquisition of Fort Lauderdale, Florida-based Resource4Floors.
Existing-Home Sales Declined 7.7% in November
Washington, DC, December 21, 2022-Total existing-home sales waned 7.7% from October to a seasonally adjusted annual rate of 4.09 million in November, according to the National Association of Realtors.
USITC Seize Containers of SPC Violating Unilin Patent
Waregem, Belgium, December 21, 2022—On December 5, the U.S. International Trade Commission ordered to seize and forfeit containers of SPC products imported by an international buyer from Georgia, since these products violated the General Exclusion Order regarding Unilin’s click SPC patents.
AHF's Expressive Ideas Wins 2022 Good Design Award
Mountville, PA, December 21, 2022—AHF Products announces that Expressive Ideas, the new vinyl based tile (VBT) innovation for contract installations, has scored a 2022 Good Design Award, sponsored by the Chicago Athenaeum: Museum of Architecture and Design and The European Centre for Architecture Art Design and Urban Studies.
Mortgage Applications Rose 0.9% in Week Ending December 16
Washington, DC, December 21, 2022—Mortgage applications increased 0.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 16, 2022.