Existing-Home Sales Declined 7.7% in November
Washington, DC, December 21, 2022-Total existing-home sales waned 7.7% from October to a seasonally adjusted annual rate of 4.09 million in November, according to the National Association of Realtors.
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USITC Seize Containers of SPC Violating Unilin Patent
Waregem, Belgium, December 21, 2022—On December 5, the U.S. International Trade Commission ordered to seize and forfeit containers of SPC products imported by an international buyer from Georgia, since these products violated the General Exclusion Order regarding Unilin’s click SPC patents.
AHF's Expressive Ideas Wins 2022 Good Design Award
Mountville, PA, December 21, 2022—AHF Products announces that Expressive Ideas, the new vinyl based tile (VBT) innovation for contract installations, has scored a 2022 Good Design Award, sponsored by the Chicago Athenaeum: Museum of Architecture and Design and The European Centre for Architecture Art Design and Urban Studies.
Mortgage Applications Rose 0.9% in Week Ending December 16
Washington, DC, December 21, 2022—Mortgage applications increased 0.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 16, 2022.
Holiday Shopping Traffic Inched Up on Super Saturday
High Point, NC, December 21, 2022—"Consumers did some last-minute holiday shopping on Super Saturday, inching the traffic numbers up slightly over last year but by greater percentages than earlier Saturdays in December,” reports Furniture Today.
Jim Ogletree Has Died
Marietta, GA, December 21, 2022-James (Jim) Dewitt Ogletree, 76, died December 5.
Housing Starts Inched Down 0.5% in November
Washington, DC, December 20, 2022-Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,427,000, 0.5% below the revised October estimate of 1,434,000 and 16.4% below the November 2021 rate of 1,706,000, according to the U.S. Census Bureau.
Nearly 5 Million Existing Home Sales Expected in 2023, Says NAR
Washington, DC, December 20, 2022—An estimated 4.78 million existing homes will be sold, prices will remain stable, and Atlanta will be the top real estate market to watch in 2023 and beyond, forecasts Lawrence Yun, NAR chief economist and senior vice president of research.
CARE Adds Seven New California Drop-Off Sites
Dalton, GA, December 20, 2022—CARE is pleased to announce its latest public carpet recycling California drop-off sites.
Dennis Egan Has Died
Irvine, CA, December 20, 2022—Dennis Egan, 81, carpet and laminate industry veteran, died October 28 due to renal failure.