Congoleum Exits Voluntary Reorganization Proceedings
Trenton, NJ, November 24, 2020— Congoleum has announced that it has successfully completed its restructuring process as a privately held company.
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.
New Home Sales Up 41.5% YOY in October
Washington, DC, November 25, 2020-Sales of new single-family houses in October 2020 were at a seasonally adjusted annual rate of 999,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.
Q3 GDP Second Estimate Up 33.1%, Same as First Estimate
Washington, DC, November 25, 2020-Real gross domestic product (GDP) increased at an annual rate of 33.1% in the third quarter of 2020, according to the second estimate released by the Bureau of Economic Analysis.
Consumer Sentiment Declined 6.0% to 76.9 in November
Ann Arbor, MI, November 25, 2020—Consumer sentiment declined 6.0% to 76.9 in November, according to final results from the University of Michigan Survey of Consumers.
Personal Income Declined While Spending Rose in October
Washington, DC, November 25, 2020—Personal income decreased $130.1 billion (0.7%) in October, according to estimates released by the Bureau of Economic Analysis.
Durable Goods Orders Rose 1.3% in October
Washington, DC, November 25, 2020—New orders for manufactured durable goods in October increased $3.0 billion or 1.3% to $240.8 billion, the U.S. Census Bureau announced.
Mortgage Applications Rose 3.9% in Third Week of November
Washington, DC, November 25, 2020—Mortgage applications increased 3.9% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 20, 2020.
Initial Jobless Claims Rose by 30K in Third Week of November
Washington, DC, November 25, 2020—In the week ending November 21, the advance figure for seasonally adjusted initial claims was 778,000, an increase of 30,000 from the previous week's revised level, according to the Department of Labor.
Starnet Shifts Annual Meeting to October for 2021
Columbia, MD, November 24, 2020—Starnet has decided to combine its spring and fall meeting into a single 2021 event in Carlsbad, California, October 21 to 24.
Finalists for 2020 BOY Awards Announced
New York, NY, November 24, 2020-The flooring finalists for Interior Design’s 2020 Best of Year (BOY) Awards have been announced.