Existing-Home Sales Rose 7.0% in September
Washington, DC, October 21, 2021—Total existing-home sales rose 7.0% from August to a seasonally adjusted annual rate of 6.29 million in September, according to the National Association of Realtors.
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.
Remodel Activity Projected to Remain Strong into 2022, Says JCHS
Cambridge, MA, October 21, 2021- The Leading Indicator of Remodeling Activity (LIRA) projects year-over-year gains in annual improvement and repair spending will reach 9% in the fourth quarter and maintain that pace into 2022, according to the by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
Domotex 2022 Set for January, First Show Since Covid-19 Began
Hannover, DE, October 21, 2021—Domotex is set to restart in 2022 for the first time since Covid-19.
Initial Jobless Claims Decreased by 6K in Second Full Week of Oct.
Washington, DC, October 21, 2021—In the week ending October 16, the advance figure for seasonally adjusted initial claims was 290,000, a decrease of 6,000 from the previous week's revised level, according to the Labor Department.
Architecture Billings Rose 1 Point to 56.6 in September
Washington, DC, October 20, 2021—The Architecture Billings Index (ABI) score for September was 56.6, which is up from August’s score of 55.6, according to a new report today from The American Institute of Architects (AIA).
Mannington Commercial Forms Distribution Partnership with EJ Welch
Dalton, GA, October 20, 2021—Mannington Commercial has entered into a distribution partnership with EJ Welch, a commercial flooring supplier.
CARE Announces Differential Assessment Rates
Dalton, GA, October 20, 2021--The additional carpet legislation that went into effect on January 1, 2020 (AB 729) requires Carpet America Recycle Effort (CARE) to implement a differential assessment on each square yard of carpet that reflects its cost burden to recycle.
Renovation Activity Expected to Remain Strong in Q4
Palo Alto, CA, October 20, 2021—The Q4 2021 Houzz Renovation Barometer found that businesses anticipate strong activity through the end of the year.
Materials Costs & Bid Prices Declined in September
Washington, DC, October 20, 2021— Unusually, materials costs and contractors’ bid prices both declined from August to September, but the gap between the two prices remained wide over the latest 12 months, reports Associated General Contractors.
CARE Awards Four More Recycling Grants
Dalton, GA, October 20, 2021-- Carpet America Recycle Effort’s (CARE) California Carpet Stewardship Program has awarded four additional grants, totaling $1.14 million, through its 2021 Capital Improvements cycle (labeled Cycle 5A).