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.

Home Prices Being Cut as Housing Market Cools

Home Prices Being Cut as Housing Market Cools

New York, NY, August 5, 2022—"There are a lot of unhappy people in the housing market right now. Among the most miserable are sellers realizing they have listed their properties too late," reports the Wall Street Journal.

Mortgage Rates Drop Below 5% for First Time Since April

Mortgage Rates Drop Below 5% for First Time Since April

New York, NY, August 4, 2022—Mortgage rates dropped to their lowest level since April, offering a reprieve to prospective homebuyers who have been hit this year with higher rates and surging prices, according to the Wall Street Journal.

Goods & Services Deficit Declined to $79.6B in June

Goods & Services Deficit Declined to $79.6B in June

Washington, DC, August 4, 2022—The goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.

Orders for Manufactured Goods Rose 2.0% in June

Orders for Manufactured Goods Rose 2.0% in June

Washington, DC, August 3, 2022—New orders for manufactured goods in June, up thirteen of the last fourteen months, increased $10.8 billion or 2.0% to $555.2 billion, the U.S. Census Bureau reported. This followed a 1.8% May increase.

CFI Convention Underway Now in Orlando

CFI Convention Underway Now in Orlando

Dalton, GA, August 3, 2022––The Certified Flooring Installers Association (CFI) annual convention and expo is underway now in Orlando, Florida at the Rosen Shingle Creek, running through August 4.