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.
Washington, DC, July 28, 2022—In the week ending July 23, the advance figure for seasonally adjusted initial claims was 256,000, a decrease of 5,000 from the previous week's revised level, according to the Department of Labor.
Portsmouth, NH, July 27, 2022-According to the recently released United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. construction pipeline stands at 5,220 projects/621,268 rooms at the close of 2022’s second quarter, up 9% year-over-year (YOY) by projects and 4% YOY by rooms.
Washington, DC, July 27, 2022—The Pending Home Sales Index (PHSI) dipped 8.6% to 91.0 in June, according to the National Association of Realtors. Year-over-year, transactions shrank 20.0%.
New York, NY, July 27, 2022—The International Monetary Fund (IMF) cut its global growth outlook for this year and next, warning that the world economy may soon be on the cusp of an outright recession, reports the Wall Street Journal.
Washington, DC, July 27, 2022—Mortgage applications decreased 1.8% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 22, 2022.
Washington, DC, July 27, 2022—New orders for manufactured durable goods in June increased $5.0 billion or 1.9% to $272.6 billion, the U.S. Census Bureau announced.
Dalton, GA, July 27, 2022-Congoleum has committed to providing flooring and supplies for Floor Covering Education Foundation (FCEF) programs. Sika-DriTac has committed to providing supplies and assisting with training demonstrations for FCEF programs.
Washington, DC, July 26, 2022-Sales of new single-family houses in June 2022 were at a seasonally adjusted annual rate of 590,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 8.1% below the revised May rate of 642,000 and 17.4% below the June 2021 estimate of 714,000.
Washington, DC, July 26, 2022-Home prices made a 19.7% annual gain in May, down from 20.6% in the previous month, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions.
Hamont, Belgium, July 26, 2022-I4F announced that U.S.-based HMTX Industries has signed a new I4F license for digital printing technologies as well as acquired a Hymmen Jupiter Digital Printing Line.