| | | Dec 23, 2022 / The Right News Right When It Happens | | Top Story | | | | New-Home Sales Rose 5.8% in November | | Washington, DC, December 23, 2022—Sales of new single-family houses in November 2022 were at a seasonally adjusted annual rate of 640,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 5.8% above the revised October rate of 605,000 but 15.3% below the November 2021 estimate of 756,000. | | |
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| | Today's Flooring News | | | | Consumer Sentiment Rose 5.1% to 59.7 in December | | Ann Arbor, MI, December 23, 2022—Consumer sentiment rose 5.1% to 59.7 in December, according to final results from the University of Michigan Survey of Consumers. | | |
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| | | | Supply-Chain Challenges Spurred by Covid Now Abated | | New York, NY, December 23, 2022—"The Covid-19 pandemic might not be gone, but the global supply-chain crisis it spawned has abated,” reports the Wall Street Journal. | | |
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| | | | Durable Goods Orders Declined 2.1% in November | | Washington, DC, December 23, 2022—New orders for manufactured durable goods in November, down following three consecutive monthly increases, decreased $5.8 billion or 2.1% to $270.6 billion, the U.S. Census Bureau announced. This followed a 0.7% October increase. | | |
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| | | Personal Income Rose 0.4% in November, Spending Up 0.1% | | Washington, DC, December 23, 2022—Personal income increased $80.1 billion (0.4%) in November, according to estimates released by the Bureau of Economic Analysis. | | |
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| | | Housing Market Will Get Worse Before Better, Says Restoration Hardware CEO | | Corte Madera, CA, December 23, 2022—Restoration Hardware’s revenues dropped 14% in 2021, reports Unity Marketing. Restoration Hardware is a home furnishings retailer. | | |
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| | | Two Torlys Collections Receive Assure Certification | | Toronto, ON, December 23, 2022—The entire Torlys EverWood and Torlys EverTile waterproof vinyl lines have been classified as Assure Certified, the quality certification for rigid core vinyl flooring. | | |
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| Featured Video | | | | Geoff Gordon Discusses the Fuse Network's 2022 Accomplishments and Outlook | | December 23, 2022—Geoff Gordon, executive director with the Fuse Commercial Flooring Alliance, and Kemp Harr discuss the group’s accomplis | | |
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