Välinge Adds Second Double-End Tenoner to Kunshan Site
Viken, Sweden, November 28, 2022—To meet demand and further boost its high-tech machinery park at the Kunshan, China support center, Välinge has invested in a double-end tenoner– DET.
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 Single-Family Home Sales Rose 7.5% in October
Washington, DC, November 23, 2022—Sales of new single-family houses in October 2022 were at a seasonally adjusted annual rate of 632,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 7.5% above the revised September rate of 588,000 but 5.8% below the October 2021 estimate of 671,000.
Consumer Sentiment Declined 5.2% to 56.8 in November
Ann Arbor, MI, November 23, 2022—Consumer sentiment declined 5.2% to 56.8 in November, according to final results from the University of Michigan Survey of Consumers.
Mortgage Applications Rose 2.2% in Week Ending November 18
Washington, DC, November 23, 2022-Mortgage applications increased 2.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 18, 2022.
Shaw Contract Names Design Awards "Best of Globe" Winner
Cartersville, GA, November 23, 2022—The Shaw Contract Design Awards program recognizes exceptional design that positively impacts people and the planet.
Flooring America Names Two New Advisory Council Members
Manchester, NH, November 23, 2022-Flooring America recently announced two new members to its Advisory Council: Stephanie Landers of Landers Premier Flooring in Austin, Texas and Paul Deschenes of Schneider's Flooring America in Vernon, Connecticut.
NTCA Announces 2022 Tile Setter Craftsperson of the Year Winners
Flowood, MS, November 23, 2022-The National Tile Contractors Association (NTCA) has announced the 2022 winners of the NTCA Tile Setter Craftsperson of the Year awards in residential and commercial market segments.
Orders for Durable Goods Rose 1% in October
Washington, DC, November 23, 2022—New orders for manufactured durable goods in October, up seven of the last eight months, increased $2.8 billion or 1.0% to $277.4 billion, the U.S. Census Bureau announced.
Initial Jobless Claims Rose by 17,000 in Week Ending November 19
Washington, DC, November 23, 2022—In the week ending November 19, the advance figure for seasonally adjusted initial claims was 240,000, an increase of 17,000 from the previous week's revised level, according to the Department of Labor.
Investor Home Purchases Declined 30% in Q3
New York, NY, November 22, 2022-Investor buying of homes tumbled 30% in the third quarter, a sign that the rise in borrowing rates and high home prices that pushed traditional buyers to the sidelines are causing these firms to pull back, too, reports the Wall Street Journal.