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.

Housing Starts Inched Down 0.5% in November

Housing Starts Inched Down 0.5% in November

Washington, DC, December 20, 2022-Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,427,000, 0.5% below the revised October estimate of 1,434,000 and 16.4% below the November 2021 rate of 1,706,000, according to the U.S. Census Bureau.

Nearly 5 Million Existing Home Sales Expected in 2023, Says NAR

Nearly 5 Million Existing Home Sales Expected in 2023, Says NAR

Washington, DC, December 20, 2022—An estimated 4.78 million existing homes will be sold, prices will remain stable, and Atlanta will be the top real estate market to watch in 2023 and beyond, forecasts Lawrence Yun, NAR chief economist and senior vice president of research.

Dennis Egan Has Died

Dennis Egan Has Died

Irvine, CA, December 20, 2022—Dennis Egan, 81, carpet and laminate industry veteran, died October 28 due to renal failure.

EU Energy Ministers Agree to Natural-Gas Price Cap

EU Energy Ministers Agree to Natural-Gas Price Cap

New York, NY, December 20, 2022—"European energy ministers reached an agreement Monday to impose an emergency limit for natural-gas prices, which have been sent soaring by Russia’s invasion of Ukraine,” reports the Wall Street Journal.

Mohawk Trucks Participate in Wreaths Across America

Mohawk Trucks Participate in Wreaths Across America

Calhoun, GA, December 20, 2022—Three Mohawk trucks are among hundreds from across the country that are collectively delivering wreaths in partnership with Wreaths Across America to decorate veterans’ graves for the holiday season at approximately 2,500 cemeteries across the United States and abroad.

Builder Confidence Declined Two Points to 31 in December

Builder Confidence Declined Two Points to 31 in December

Washington, DC, December 19, 2022—Builder confidence in the market for newly built single-family homes posted its 12th straight monthly decline in December, dropping two points to 31, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

More Homebuyers Opting for Temporary Mortgage Buydowns

More Homebuyers Opting for Temporary Mortgage Buydowns

New York, NY, December 19, 2022—"Rising borrowing costs have dramatically increased the cost of buying a home this year, reviving interest in mortgage products like temporary buydowns that fell out of favor after the 2008 financial crisis,” reports the Wall Street Journal.