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.

Single Women Remain Powerful Force in Homebuying Market

Single Women Remain Powerful Force in Homebuying Market

Washington, DC, November 2, 2018-Single female buyers continue to be a powerful force in the market, while low inventory, rising interest rates and increasing home prices remain, holding back first-time buyers despite notable interest in buying a home, according to the National Association of Realtors’ 2018 Profile of Home Buyers and Sellers.

Trade Deficit Widened in September

Trade Deficit Widened in September

Washington, DC, November 2, 2018—The goods and services deficit was $54.0 billion in September, up $0.7 billion from $53.3 billion in August, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.

Builder Confidence in 55+ Housing Fell 7 Points in Q3

Builder Confidence in 55+ Housing Fell 7 Points in Q3

Washington, DC, November 2, 2018—Builder confidence in the single-family 55+ housing market dropped seven points to 60 in the third quarter, according to the National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI).

Construction Spending Grew by 5.5% in First Nine Months of 2018

Construction Spending Grew by 5.5% in First Nine Months of 2018

Arlington, VA, November 2, 2018-Construction spending hit a seasonally adjusted annual rate of $1.329 trillion and grew 5.5% for nine months of 2018 combined, with continued year-to-date gains for major public and private categories, according to an analysis of government data by the Associated General Contractors of America.

Purchasing Managers’ Index Recorded Decline in October

Purchasing Managers’ Index Recorded Decline in October

Tempe, Arizona, November 1, 2018-The October Purchasing Managers’ Index (PMI) registered 57.7%, a decrease of 2.1 percentage points from the September reading of 59.8%, according to the Institute of Supply Management Manufacturing ISM Report On Business.

Labor Productivity Rose 2.2% in Q3

Labor Productivity Rose 2.2% in Q3

Washington, DC, November 1, 2018—Nonfarm business sector labor productivity increased 2.2% during the third quarter of 2018, the U.S. Bureau of Labor Statistics reported, as output increased 4.1% and hours worked increased 1.8%.

Mohawk's Bandy Named a Winner of USGBC '18 Leadership Award

Mohawk's Bandy Named a Winner of USGBC '18 Leadership Award

Washington, DC, November 1, 2018-The U.S. Green Building Council (USGBC) has announced the recipients of its 2018 Leadership Awards, an annual recognition of the outstanding individuals and organizations at the forefront of the green building movement.