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Nov 01, 2019 / The Right News Right When It Happens

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Builder Confidence in 55+ Housing Market Hits Highest-Ever Reading

Washington, DC, November 1, 2019--Builder confidence in the single-family 55+ housing market rose one point in the third quarter of 2019, returning to its record-high reading of 72, according to the National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI) released.

Today's Flooring News

Construction Spending Inched Up in September

Washington, DC, November 1, 2019—Construction spending during September 2019 was estimated at a seasonally adjusted annual rate of $1,293.6 billion, 0.5% above the revised August estimate of $1,287.1 billion, according to the U.S. Census Bureau.

October Purchasing Managers' Index Edged Up to 48.3%

Tempe, AZ, November 1, 2019-The October Purchasing Managers’ Index registered 48.3%, an increase of 0.5 percentage point from the September reading of 47.8%, according to the latest Manufacturing ISM Report On Business.

Lowe's Follows Home Depot in Phasing Out Carpet with PFAS

Washington, DC, October 31, 2019-Lowe’s has updated its chemical policy to reflect that it will phase out the sale of all indoor residential carpets and rugs containing per- and polyfluoroalkyl substances (PFAS).

Unemployment Steady at 3.6% in October

Washington, DC, November 1, 2019—Total nonfarm payroll employment rose by 128,000 in October, and the unemployment rate was little changed at 3.6%, the U.S. Bureau of Labor Statistics reported.

Invista Completes $15M Renovation of Texas Wetlands

Victoria, TX, November 1, 2019—Invista’s Victoria, Texas, site has completed a 15-month, multi-million-dollar investment project to renovate its 53-acre wetland.