Mortgage Rates Continue to Decrease
Washington, DC, June 18, 2021–Mortgage rates continue to drift down as markets concur with the view that inflation increases are temporary, according to Freddie Mac.
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 Leaders Elected to AIA Board of Directors
Washington, DC, June 18, 2021–Three new leaders have been named to the American Institute of Architects’ (AIA) Board of Directors.
Välinge Announces New Liteback Licensee
Viken, Sweden, June 18, 2021-Välinge Innovation has announced a new licensee for its Liteback technology. Jiangsu Success Wood Products, better known as Pridon, has signed a global non-exclusive license agreement for the use of both Liteback and Välinge’s 5G locking systems, including 5G-i Push Down and 5G Fold Down.
Karndean Donates $30K to Food Bank
Export, PA, June 18, 2021-Karndean Designflooring, a luxury vinyl tile manufacturer and distributor, has donated $30,000 to Las Vegas food bank Three Square in an effort to support the communities in which it operates. The company says it has plans to make additional contributions in Dallas, Texas and Pennsylvania.
Initial Jobless Claims Rose by 37K to 412,000 in Second Week of June
Washington, DC, June 17, 2021—In the week ending June 12, the advance figure for seasonally adjusted initial claims was 412,000, an increase of 37,000 from the previous week's revised level, according to the Department of Labor.
Shelley Ackerman New Manager of Commercial for Taylor Adhesives
Dalton, GA, June 17, 2021-Taylor Adhesives has named Shelley Ackerman manager of commercial and OEM accounts. She will be responsible for expanding the company’s presence with flooring manufacturers and commercial buying groups, according to the company.
NKBA’s Luxury Kitchen Summit Begins Next Week
Hackettstown, NJ, June 17, 2021—The National Kitchen & Bath Association's (NKBA) first-ever Luxury Kitchen Summit is taking place on June 23 to 24.
May Housing Starts Up 50.3% YOY
Washington, DC, June 16, 2021—Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,572,000. This is 3.6% above the revised April estimate of 1,517,000 and is 50.3% above the May 2020 rate of 1,046,000.
America in Dire Need of Affordable Housing, Says NAR
Washington, DC, June 16, 2021—Decades of underinvestment and underbuilding have created a shortage of housing in America that is more dire than previously expected and will require a concerted, long-term nationwide commitment to overcome, according to a new report released today by the National Association of Realtors and authored by the Rosen Consulting Group.
JCHS Releases 2021 State of the Nation's Housing Report
Cambridge, MA, June 16, 2021—As the U.S. economy continues to recover from the effects of the pandemic, households that weathered the crisis without financial distress are snapping up the limited supply of homes for sale, pushing up prices and further excluding less affluent buyers from homeownership.