Breaking Flooring News

November New Home Sales Up 20.8% YOY, Down 11% from October

Washington, DC, December 23, 2020—Sales of new single-family houses in November 2020 were at a seasonally adjusted annual rate of 841,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.

Consumer Sentiment Rose 4.9% to 80.7 in December

Ann Arbor, MI, December 23, 2020—Consumer sentiment rose 4.9% to 80.7 in December, according to final results from the University of Michigan Survey of Consumers.

Durable Goods Orders Rose by 0.9% in November

Washington, DC, December 23, 2020—New orders for manufactured durable goods in November increased $2.2 billion or 0.9% to $244.2 billion, the U.S. Census Bureau announced.

2020 Good Design Award Winners Announced

Chicago, IL, December 23, 2020-For seventy years since its inception, The Chicago Athenaeum has hosted the Good Design awards, a program created to build awareness about contemporary design and to honor both products and industry leaders in design and manufacturing that have chartered new directions for innovation and pushed the envelope for competitive products in the world marketplace.

Cali Climbs to #8 on San Diego Fastest-Growing Companies List

San Diego, CA, December 23, 2020—For the 11th year, Cali has earned a spot on San Diego Business Journal’s list of the region’s 100 Fastest-Growing Private Companies.

Personal Income & Spending Down in November

Washington, DC, December 23, 2020—Personal income decreased $221.8 billion (1.1%) in November according to estimates released by the Bureau of Economic Analysis.

Mortgage Applications Rose 0.8% in Third Week of December

Washington, DC, December 23, 2020—Mortgage applications increased 0.8% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending December 18, 2020.

Initial Jobless Claims Declined by 89,000 in Third Week of Dec.

Washington, DC, December 23, 2020—In the week ending December 19, the advance figure for seasonally adjusted initial claims was 803,000, a decrease of 89,000 from the previous week's revised level, according to the Department of Labor.

Nov. Existing Home Sales Up 25.8% YOY, but Down 2.5% from Oct.

Washington, DC, December 22, 2020-Total existing-home sales decreased 2.5% from October to a seasonally-adjusted annual rate of 6.69 million in November, according to the National Association of Realtors. However, sales in total rose year-over-year, up 25.8% from a year ago (5.32 million in November 2019).

NTCA Announces 2021-2022 Roster of Leadership

Flowood, MS, December 22, 2020—The National Tile Contractors Association (NTCA), the world's largest tile contractor association, elected new officers and board members for 2021 and 2022 at its annual meeting, held virtually on December 3, 2020.

Q3 GDP Revised Up to 33.4% in Third Estimate

Washington, DC, December 22, 2020-Real gross domestic product (GDP) increased at an annual rate of 33.4% in Q3 2020, according to the third estimate released by the Bureau of Economic Analysis.

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