Nourison Home Forms Licensing Partnership with DKNY
Saddle Brook, NJ, October 21, 2024—Nourison Home, a manufacturer of floorcoverings and home accents, has announced its new licensed partnership with DKNY.
Today's Flooring News
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Housing Starts Declined 0.5% in September
Washington, DC, October 18, 2024— Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,354,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced, 0.5% below the revised August estimate of 1,361,000 and 0.7% below the September 2023 rate of 1,363,000.
Total Construction Starts Declined 6% in Sept., Led by Nonbuilding
Bedford, MA, October 18, 2024—Total construction starts fell 6% in September to a seasonally adjusted annual rate of $1.1 trillion, according to Dodge Construction Network.
Interface Honored with Reuters 2024 Sustainability Award
Atlanta, GA, October 18, 2024—Interface received a top honor at the Reuters 2024 Sustainability Awards. The manufacturer received the highest distinction in the Net Zero: Leadership category for its decision to go ‘all in’ on becoming carbon negative without offsets.
Builder Confidence Up Two Points to 43 in October
Washington, DC, October 17, 2024—Builder confidence in the market for newly built single-family homes was 43 in October, up two points from a reading of 41 in September, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
Remodeling Activity to Expand by Mid-2025
Cambridge, MA, October 17, 2024—After a mild pullback over the previous year, spending for improvements and repairs on owner-occupied homes is set to expand once again by the middle 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.
Retail Sales Rose 0.4% in September
Washington, DC, October 17, 2024—Advance estimates of U.S. retail and food services sales for September 2024 were $714.4 billion, an increase of 0.4% from the previous month and up 1.7% from September 2023, according to the U.S. Census Bureau.
Industrial Production Declined 0.3% in September
Washington, DC, October 17, 2024—Industrial production (IP) decreased 0.3% in September after advancing 0.3% in August, according to the Federal Reserve.
Initial Jobless Claims Declined by 19,000 in Week Ending October 12
Washington, DC, October 17, 2024—In the week ending October 12, the advance figure for seasonally adjusted initial claims was 241,000, a decrease of 19,000 from the previous week's revised level, according to the Department of Labor.
Adleta Announces Promotions for Shipka and Manjarrez
Carrollton, TX, October 17, 2024—Adleta has announced two promotions: Tony Shipka to vice president of operations and customer service and Jose Manjarrez to vice president of distribution and transportation.