Americans Staying in Homes Longer, Creating Shortage & Higher Prices
New York, NY, January 21, 2021—Americans are staying in their homes longer, leading to a shortage of homes for sale and pushing prices sky-ward, reports the Wall Street Journal.
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.
Initial Jobless Claims Declined to 900,000 in Second Week of Jan.
Washington, DC, January 21, 2021—In the week ending January 16, the advance figure for seasonally adjusted initial claims was 900,000, a decrease of 26,000 from the previous week's revised level, according to the Department of Labor.
Burke, Former Publisher of Contract Magazine, Dies at 54
Washington, DC, January 21, 2021-Dan Burke, former publisher of Contract magazine and founder of Burke Media Group, passed away suddenly on December 6, 2020 at the age of 54.
Builder Confidence Down 3 Points in Jan. but Remained Strong at 83
Washington, DC, January 20, 2021-Rising material costs led by a huge upsurge in lumber prices along with a resurgence of the coronavirus across much of the nation pushed builder confidence in the market for newly built single-family homes down three points to 83 in January, according to the latest NAHB/Wells Fargo Housing Market Index (HMI).
RFMS Cancels 2021 Conference, Reschedules for 2022
Tuscaloosa, AL, January 20, 2021-RFMS has cancelled its 2021 Owner & Education Conference, slated for April 2021.
U.S. Apartment Renters Owe $70 Billion in Unpaid Rent Amid Covid
New York, NY, January 20, 2021-Renters have racked up a stunning $70 billion in unpaid rent since the start of the economic crisis cause by the coronavirus, according to an analysis of Census data by Moody’s Analytics and reported by Wealthmanagement.com.
Mortgage Applications Declined 1.9% in First Week of January
Washington, DC, January 20, 2021-Mortgage applications decreased 1.9% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending January 15, 2021.
DriTac Forms Partnership with Fishman
Clifton, NJ, January 20, 2021-DriTac Flooring Products has announced a new distribution partnership with Fishman Flooring Solutions, a Baltimore, Maryland-based flooring and installation supply distributor.
Feizy Wins Best Visual Presentation at 2021 Winter Dallas Market
Dallas, TX, January 20, 2021—Feizy won the award for Best Visual Presentation at the 2021 Winter Dallas Total Home & Gift Market, reports RugNews.com.
Nonresidential Building Spending Expected to Decline in 2021, Says AIA
Washington, DC, January 19, 2021—Slowing demand at architecture firms last year is expected to contribute to a projected 5.7% decline in construction spending for 2021, according to a new consensus forecast from The American Institute of Architects (AIA).