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, December 17, 2024—Builder confidence in the market for newly built single-family homes was 46 in December, the same reading as last month, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
Washington, DC, December 17, 2024—Advance estimates of U.S. retail and food services sales for November 2024 were $724.6 billion, an increase of 0.7% from the previous month, and up 3.8% from November 2023, according to the U.S. Census Bureau.
New York, NY, December 17, 2024—“Investors see an interest-rate cut by the Federal Reserve this week as all but certain. Inside the central bank, the case for continued reductions will be less clear-cut if the economy continues to chug along,” reports the Wall Street Journal.
Washington, DC, December 17, 2024-Industrial production (IP) moved down 0.1% in November after declining 0.4% in October, according to the Federal Reserve.
New York, NY, December 17, 2024—"CEOs of the world’s biggest companies are more optimistic about the economy than they have been in years,” reports the Wall Street Journal.
St. Charles, MO, December 17, 2024—Premier Hardwood Products is the latest company to earn NWFA/NOFMA Mill Certification from the National Wood Flooring Association.
Dalton, GA, December 17, 2024—The Certified Flooring Installers (CFI), a division of the World Floor Covering Association and a certification organization for flooring installers and sales associates, has announced Ralph Falavinha's appointment as its new executive vice president, effective January 1.
Washington, DC, December 16, 2024-The National Association of Realtors announced ten top hot spots for the 2025 housing market based on economic, demographic and housing factors predicted to significantly impact local markets as detailed in NAR's newest report, Housing Hot Spots for 2025: Top Markets Amid Stabilizing Rates.
Charlotte, NC, December 16, 2024—Imports of vinyl flooring saw a very modest increase in October, up 0.3% year over year, following a decrease last month and uneven results this year, reports Truist.
Washington, DC, December 16, 2024—In Q3 2024, borrowers and lenders agreed, as they have over most of the past three years, that credit for residential Land Acquisition, Development & Construction (AD&C) tightened, reports the National Association of Home Builders.