FCEF Promotes Installer Trade at School Counselor Convention
Dalton, GA, July 22, 2022—The Floor Covering Education Foundation (FCEF) recently attended the America School Counselor Association (ASCA) Annual Convention in Austin, Texas.
Today's Flooring News
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Kitchen & Bath Spending to Remain Strong in Second Half of 2022
Hackettstown, NJ, July 21, 2022—While both inflation and mortgage rate increases have impacted the kitchen and bath segment, the overall annual forecast still represents a double-digit increase over 2021, according to the National Kitchen & Bath Association (NKBA) midyear 2022 Kitchen & Bath Market Outlook.
Initial Jobless Claims Hit Highest Level Since Nov. in Week Ending July 16
Washington, DC, July 21, 2022—In the week ending July 16, the advance figure for seasonally adjusted initial claims was 251,000, an increase of 7,000 from the previous week's unrevised level of 244,000, according to the Department of Labor.
BDNY 2022 Slated for November in New York
New York, NY, July 21, 2022—Boutique Design New York (BDNY), a trade fair and conference for hospitality’s boutique and lifestyle design community, will take place November 13 and 14.
Geno & Aquafil Scale Production of Plant-Based Nylon 6
San Diego, CA, July 21, 2022—On July 20, Geno announced it had successfully completed demonstration-scale production runs for plant-based nylon 6 with longtime collaborator Aquafil.
June Existing-Home Sales Down 5.4%, Median Sales Price Up to $416K
Washington, DC, July 20, 2022-Total existing-home sales dipped 5.4% from May to a seasonally adjusted annual rate of 5.12 million in June, according to the National Association of Realtors. Year-over-year, sales fell 14.2% (5.97 million in June 2021).
Doubman Named COO of Ecore Intl. & President of Ecore Comml.
Lancaster, PA, July 20, 2022—Ecore announces the hiring of John “Jay” R. Doubman as chief operating officer of Ecore International and president of Ecore Commercial.
Mortgage Applications Declined 6.4% in Week Ending July 15
Washington, DC, July 20, 2022—Mortgage applications decreased 6.3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 15, 2022.
Remodel Spending Expected to Slow but Stay Position in Early 2023
Cambridge, MA, July 19, 2022-Annual growth in homeowner spending for improvements and repairs is expected to soften during the first half of next year, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
Housing Starts Declined 2.0% in June
Washington, DC, July 19, 2022—Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,559,000, 2.0% below the revised May estimate of 1,591,000 and 6.3% below the June 2021 rate of 1,664,000, according to the U.S. Census Bureau.