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.
Washington, DC, July 20, 2023—Total existing-home sales receded 3.3% from May to a seasonally adjusted annual rate of 4.16 million in June, according to the National Association of Realtors. Year-over-year, sales fell 18.9% (down from 5.13 million in June 2022).
Turnhout, Belgium, July 20, 2023-I4F, a group of companies providing patents and technologies to the flooring industry, announced that Huali Group have signed I4F license agreements for the production of SPC and LVT flooring in the United States, Vietnam and China.
Livonia, MI, July 20, 2023—Virginia Tile announced a significant territory expansion in collaboration with Marazzi Tile. Effective August 1, 2023, Virginia Tile will extend its distribution responsibilities to cover Ohio, Indiana, Kentucky and Western Pennsylvania.
Washington, DC, July 20, 2023—In the week ending July 15, the advance figure for seasonally adjusted initial claims was 228,000, a decrease of 9,000 from the previous week's unrevised level of 237,000, according to the Department of Labor.
Washington, DC, July 19, 2023—The Architecture Billings Index (ABI) score of 50.1 for June indicates that billings at architecture firms remained steady as design activity continues to slowly recover from roiled economic conditions, according to the American Institute of Architects (AIA) and Deltek.
Washington, DC, July 19, 2023—Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,434,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced, 8.0% below the revised May estimate of 1,559,000 and is 8.1% below the June 2022 rate of 1,561,000.
Laguna Niguel, CA, July 19, 2023-Fuse Alliance, a member-owned organization of professional commercial flooring contractors, announced that Arnquist Flooring, Opler Flooring, and Red Commercial Flooring have joined the network as new members.
Washington, DC, July 19, 2023-The American Institute of Architect’s (AIA) Consensus Construction Forecast panel has optimistic projections for nonresidential building spending in late 2023 and beyond, and the news is generally positive-with a caveat.
Washington, DC, July 19, 2023—Mortgage applications increased 1.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 14, 2023.
New York, NY, July 19, 2023-"An unexpected group of workers is leading the resistance to the five-day office week: top-tier executives,” reports the Wall Street Journal.