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, April 21, 2022—U.S. home prices soared to a new record in March while mortgage rates continued to rise rapidly, slowing home sales in what has been the hottest housing market in more than 15 years, reports the Wall Street Journal.
Marietta, GA, April 21, 2022-The Southwest Flooring Market (SWFM) will move to Globe Life Field, the new home of the Texas Rangers, for its annual regional market taking place January 12 and 13, 2023.
Livonia, MI, April 21, 2022—Virginia Tile Company has announced the hire of Edmund ‘Ed’ Vaske as chief operating officer.
New York, NY, April 21, 2022—The dollar is reaching fresh nearly two-year highs, lifted by looming interest-rate increases from the Federal Reserve, strong U.S. growth and geopolitical jitters overseas, reports the Wall Street Journal.
Washington, DC, April 21, 2022—The North American Laminate Flooring Association met in March for its annual spring meeting. Traditionally held at NC State University, the Association’s academic and testing house member, NALFA members were thrilled to be back in Raleigh, North Carolina together.
Washington, DC, April 21, 2022—In the week ending April 16, the advance figure for seasonally adjusted initial claims was 184,000, a decrease of 2,000 from the previous week's revised level, according to the Department of Labor.
Washington, DC, April 20, 2022—The Architecture Billings Index (ABI) score for March was 58.0, up from a score of 51.3 in February, according to The American Institute of Architects (AIA). Any score above 50 indicates an increase in billings.
Washington, DC, April 20, 2022—Total existing-home sales dipped 2.7% from February to a seasonally adjusted annual rate of 5.77 million in March, according to the National Association of Realtors. Year-over-year, sales fell 4.5% (6.04 million in March 2021).
Flowood, MS, April 20, 2022—Dirk Sullivan, founder and president of Hawthorne Tile in Portland, Oregon, was recognized as Tile Person of the Year by the National Tile Contractors Association (NTCA) at its 75th anniversary reception during Coverings, which was held at the Las Vegas Convention Center in Las Vegas, Nevada.
Washington, DC, April 20, 2022—Mortgage applications decreased 5.0% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 15, 2022.