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.
Cambridge, MA, October 20, 2022—Annual gains in improvement and maintenance expenditures to owner-occupied homes are expected to decline sharply by the middle of next year, according to the Leading Indicator of Remodeling Activity (LIRA) by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
Manchester, NH, October 20, 2022—Carpet One Floor & Home recently announced the four new members to its Advisory Council.
Spartanburg, SC, October 20, 2022—Diversified global manufacturer Milliken & Company announces its science-based net-zero targets have been approved by the U.N.-backed Science Based Targets initiative (SBTi).
Washington, DC, October 19, 2022—The AIA Architecture Billings Index (ABI) score for September was 51.7 down from a score of 53.3 in August, indicating essentially stable business conditions for architecture firms (any score above 50 indicates an increase in billings from the prior month), according to The American Institute of Architects (AIA).
Kidderminster, UK, October 19, 2022-Victoria-a U.K.-based designer, manufacturer and distributor of flooring-has acquired International Wholesale Tile (IWT) for $28.5m, according to The Business Desk.
Washington, DC, October 19, 2022—Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,439,000, 8.1% below the revised August estimate of 1,566,000 and 7.7% below the September 2021 rate of 1,559,000, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
Washington, DC, October 19, 2022-Mortgage applications decreased 4.5% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 14, 2022.
Flowood, MS, December 19, 2022-Martin Howard, executive vice president of operations of the David Allen Company in Raleigh, North Carolina, is this year’s recipient of the National Tile Contractors Association Ring of Honor.
Mansfield, MA, October 18, 2022-Belknap-Haines purchased the assets of STC (formerly known as Swiff-Train) on October 17.
Washington, DC, October 18, 2022-Builder confidence in the market for newly built single-family homes dropped eight points in October to 38-half the level it was just six months ago-according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).