Today's Flooring News

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.

Affordability Will Remain a Challenge for Homebuyers in 2022

Washington, DC, February 9, 2022—Low existing home inventory and strong buyer demand will keep housing moving forward in 2022, even as builders continue to grapple with ongoing building material production bottlenecks and labor shortages that will limit the pace of construction and keep upward pressure on home prices, according to economists speaking at the 2022 International Builders’ Show in Orlando, and reported by the National Association of Home Builders (NAHB).

IFI Announces Partnership with Shaw Contract

New York, NY, February 9, 2022- IFI has announced a new platinum partnership with Shaw Contract.

Mortgage Applications Declined 8.1% in Week Ending February 4

Washington, DC, February 9, 2022-Mortgage applications decreased 8.1% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 4, 2022.

Abbey to Open New Showroom in Naples, Florida

Naples, FL, February 9, 2022—Abbey Carpet & Floor will open a new showroom in Naples, Florida, reports Gulfshore Business.

Rising Home Prices Push Ownership Out of Reach for Many Americans

New York, NY, February 8, 2022-The dream of homeownership has grown more out of reach for middle-class Americans during the pandemic, according to the Wall Street Journal.

Richard Abramowicz, Former Owner of Southwind, Has Died

Chattanooga, TN, February 8, 2022- Richard Abramowicz, former co-owner of Southwind, died December 20, 2021 at the age of 74.

Jim Pels Discusses the Joining of Spectra & Diverzify

Chattanooga, TN, February 8, 2022-Jim Pels, president of Spectra Contract Flooring, offers insight about the joining of Spectra and Diverzify, announced February 8 and effective immediately.

Stump Offers Insights on 2022 Las Vegas Furniture Market

Las Vegas, NV, February 8, 2022-Furniture industry analyst Stump attended the Furniture Market at the Las Vegas World Market Center and issued the following report,

Small Business Optimism Decreased 1.8 Points to 97.1 in January

Washington, DC, February 8, 2022—The NFIB Small Business Optimism Index decreased slightly in January to 97.1, down 1.8 points from December.

U.S. Trade Deficit Widened by $13B in Nov., The Worst Since 2006

Washington, DC, February 8, 2022-The goods and services deficit was $80.2 billion in November, up $13.0 billion from $67.2 billion in October, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.