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Oct 19, 2023 / The Right News Right When It Happens

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Existing Home Sales Declined 2.0% in September

Washington, DC, October 19, 2023—Total existing-home waned 2.0% from August to a seasonally adjusted annual rate of 3.96 million in September, according to the National Association of Realtors. Year-over-year, sales dropped 15.4% (down from 4.68 million in September 2022).

Today's Flooring News

Ceramic Tile Imports Declined 9.9% in First Eight Months of 2023

New York, NY, October 19, 2023—In the first eight months of 2023, total U.S. imports of ceramic tile were 125.8 million square meters, a decline of 9.9% from the same period in 2022.

Home Remodel Spend Expected to Decline 7.7% Through Q3 2024

Cambridge, MA, October 19, 2023—Annual spending for improvements and repairs to owner-occupied homes is expected to decrease at a moderate rate over the coming year, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

Dub Newell Named CEO of Louisville Tile Distributors

Louisville, KY, October 19, 2023—Louisville Tile Distributors, a distributor of ceramic tile and related products, has announced that Walter “Dub” Newell has been appointed to the position of CEO.

Jobless Claims Declined by 13,000 in Week Ending October 14

Washington, DC, October 19, 2023—In the week ending October 14, the advance figure for seasonally adjusted initial claims was 198,000, a decrease of 13,000 from the previous week's revised level, according to the Department of Labor.