China to U.S. Container Pickup Charges Decline by 63%
Hamburg, DE, October 24, 2024—A sharp 63% decline in pickup charges from China to the U.S. over the past three months is offering favorable conditions for traders, reports Container xChange.
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.
Initial Jobless Claims Declined by 15,000 in Week Ending Oct. 19
Washington, DC, October 24, 2024—In the week ending October 19, the advance figure for seasonally adjusted initial claims was 227,000, a decrease of 15,000 from the previous week's revised level, according to the Department of Labor.
Versatrim Delivers Supplies to Hurricane Victims
Spartanburg, SC, October 24, 2024—In the wake of Hurricane Helene's devastation, the Versatrim team has delivered essential supplies to a drop off point in Western North Carolina to help aid local communities impacted.
Tom Duffy Company Acquired by Transom Capital's Artivo Surfaces
Los Angeles, October 23, 2024-Transom Capital, private-equity owner of flooring distributors Virginia Tile, Galleher and Trinity Hardwoods, has acquired Manteca, California-based distributor Tom Duffy Company.
NAFCD Names Brian Green President, Succeeding Dori Blitzstein
Chicago, IL, October 23, 2024-At the North American Association of Floor Covering Distributors (NAFCD) and North American Building Material Distribution Association (NBMDA) Annual Convention, underway now, Brian Green with UCX was named president, taking the reins from Dori Blitzstein of Roesel-Heck.
AIA Architecture Billings Index Score Flat at 45.7 in September
Washington, DC, October 23, 2024—The Architecture Billings Index (ABI) score of 45.7 for September indicates that the majority of firms continued to experience a decline in their billings, according to the latest data from the American Institute of Architects.
Existing-Home Sales Declined 1% in September
Washington, DC, October 23, 2024—Total existing-home sales receded 1.0% from August to a seasonally adjusted annual rate of 3.84 million in September, according to the National Association of Realtors. Year-over-year, sales waned 3.5% (down from 3.98 million in September 2023).
CARE Requests Assessment Increase to Go Into Effect February 2025
Dalton, GA, October 23, 2024—Carpet America Recovery Effort (CARE) has made an urgent request to CalRecycle to approve an increase in the carpet differential assessment to go into effect on February 1, 2025. This is necessary to meet the new reserve requirement by the end of 2025 as set by CalRecycle.
Mortgage Applications Declined 6.7% in Week Ending October 18
Washington, DC, October 23, 2024—Mortgage applications decreased 6.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending October 18, 2024.
U.S. Homeowners Have $35 Trillion in Shared Home Equity
New York, NY, October 22, 2024--U.S. homeowners collectively have more than $35 trillion in home equity, reports the Wall Street Journal.