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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
Washington, DC, July 19, 2022-Continuing to expand its training offerings, INSTALL, dedicated to floorcovering installation training and certification, recently presented a hardwood flooring installation course at the Northwest Carpenters Institute (NWCI) in Burlington, Washington.