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.
New York, NY, December 19, 2022—"Rising borrowing costs have dramatically increased the cost of buying a home this year, reviving interest in mortgage products like temporary buydowns that fell out of favor after the 2008 financial crisis,” reports the Wall Street Journal.
New York, NY, December 19, 2022—"The pandemic housing boom is over. The bust will look nothing like the last one,” reports the Wall Street Journal.
Hamilton, NJ, Dec. 14, 2022—Dodge Construction Network’s year-end report—which analyzes the key trends and insights across the industry throughout 2022, as well as insight into 2023—found that even though facets of a recession are possible, due to legislation and the advancements of project backlogs, construction may remain profitable through 2023.
Washington, DC, December 16, 2022—The pace of decline for design services from architecture firms during November accelerated from October, posting an Architecture Billings Index (ABI) score of 46.6 from 47.7 (any score below 50 indicates a decline in firm billings), according to a new report from The American Institute of Architects (AIA).
Nashville, TN, December 16, 2022-Mohawk’s Edge Summit welcomed 425 dealers to Nashville, Tennessee this week.
Nashville, TN, December 15, 2022—Mohawk named the eight finalists for its retailer of the year award at a luncheon at the Opryland Gaylord on December 14 during its Edge Summit. The winner, Bruce Odette of Denver, Colorado-based Carpet Exchange, was named during the final party that evening.
Washington, DC, December 15, 2022-Advance estimates of U.S. retail and food services sales for November 2022 were $689.4 billion, down 0.6% from the previous month but up 6.5% above November 2021, according to the U.S. Census Bureau.
Washington, DC, December 15, 2022—In the week ending December 10, the advance figure for seasonally adjusted initial claims was 211,000, a decrease of 20,000 from the previous week's revised level, according to the Department of Labor.
Washington, DC, December 15, 2022-The price of materials and services used in nonresidential construction continued rising at a double-digit rate in November from a year earlier, propelled by outsized increases in the cost of a variety of building materials, according to an analysis by the Associated General Contractors of America of government data.
Washington, DC, December 15, 2022—Industrial production declined 0.2% in November, according to the Federal Reserve.