| | | Jun 26, 2024 / The Right News Right When It Happens | | Top Story | | | | Architecture Billings Declined to 42.4 in May | | Washington, DC, June 26, 2024-The American Institute of Architects (AIA) Architecture Billings Index (ABI) score declined to 42.4 in May, as more firms reported a decrease in billings than the month prior. | | |
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| | Today's Flooring News | | | | New-Home Sales Declined 11.3% in May | | Washington, DC, June 26, 2024—Sales of new single-family houses in May 2024 were at a seasonally adjusted annual rate of 619,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 11.3% below the revised April rate of 698,000 and 16.5% below the May 2023 estimate of 741,000. | | |
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| | | | Nourison Home Acquires J Mish Mills | | Saddle Brook, NJ, June 26, 2024-Nourison Home has purchased J Mish Mills, a carpet manufacturer that specializes in wool floorcoverings that offer modern, unique and classic designs through applied patterns. | | |
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| | | | SCI Flooring Acquires Carpetbaggers, Inc. | | Seattle, WA, June 26, 2024—SCI Flooring, owned by Rainier Partners has announced its second add-on acquisition, Carpetbaggers, Inc. | | |
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| | | Private Equity Firm KKR Invests $2.1 Billion in Multifamily Market | | New York, NY, June 26, 2024—"KKR has completed its largest-ever purchase of apartment buildings, the latest in a string of big-ticket deals, signaling that some of the most prominent investment firms are betting on a broad rebound for multifamily housing,” reports the Wall Street Journal. | | |
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| | | Chinese Container Rates Have Risen 112% Since November | | Hamburg, DE, June 26, 2024— Container xChange has shared the following update on the container shipping industry: | | |
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| | | Mortgage Applications Rose 0.8% in Week Ending June 21 | | Washington, DC, June 26, 2024—Mortgage applications increased 0.8% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 21, 2024. | | |
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