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Nov 25, 2020 / The Right News Right When It Happens

Top Story

Congoleum Exits Voluntary Reorganization Proceedings

Trenton, NJ, November 24, 2020— Congoleum has announced that it has successfully completed its restructuring process as a privately held company.

Today's Flooring News

New Home Sales Up 41.5% YOY in October

Washington, DC, November 25, 2020-Sales of new single-family houses in October 2020 were at a seasonally adjusted annual rate of 999,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.

Q3 GDP Second Estimate Up 33.1%, Same as First Estimate

Washington, DC, November 25, 2020-Real gross domestic product (GDP) increased at an annual rate of 33.1% in the third quarter of 2020, according to the second estimate released by the Bureau of Economic Analysis.

Consumer Sentiment Declined 6.0% to 76.9 in November

Ann Arbor, MI, November 25, 2020—Consumer sentiment declined 6.0% to 76.9 in November, according to final results from the University of Michigan Survey of Consumers.

Personal Income Declined While Spending Rose in October

Washington, DC, November 25, 2020—Personal income decreased $130.1 billion (0.7%) in October, according to estimates released by the Bureau of Economic Analysis.

Durable Goods Orders Rose 1.3% in October

Washington, DC, November 25, 2020—New orders for manufactured durable goods in October increased $3.0 billion or 1.3% to $240.8 billion, the U.S. Census Bureau announced.

Mortgage Applications Rose 3.9% in Third Week of November

Washington, DC, November 25, 2020—Mortgage applications increased 3.9% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 20, 2020.

Initial Jobless Claims Rose by 30K in Third Week of November

Washington, DC, November 25, 2020—In the week ending November 21, the advance figure for seasonally adjusted initial claims was 778,000, an increase of 30,000 from the previous week's revised level, according to the Department of Labor.