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Jan 17, 2024 / The Right News Right When It Happens

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Builder Confidence Climbed 7 Points to 44 in January

Washington, DC, January 17, 2024—Builder confidence in the market for newly built single-family homes climbed seven points to 44 in January, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

Today's Flooring News

Mortgage Applications Rose 10.4% in Week Ending January 12

Washington, DC, January 17, 2024-Mortgage applications increased 10.4% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 12, 2024.

WFCA Announces 2024 Board of Directors; O'Krent Named Chairman

Dalton, GA, January 17, 2024-The World Floor Covering Association (WFCA) has unveiled its new board chairman and executive committee members, following their confirmation during a virtual board meeting held on December 15, 2023.

Pendley Re-Named Chair of CRI Board after Hutchins Steps Away

Dalton, GA, January 17, 2024-The Carpet and Rug Institute (CRI) announced Tom Pendley, president and CEO of Mannington Mills, will continue to serve as chair of The CRI board of directors in 2024 for a one-year term. Pendley has served as Board chair since 2022.

Retail Sales Rose 0.6% in December

Washington, DC, January 17, 2024--Advance estimates of U.S. retail and food services sales for December 2023 were $709.9 billion, up 0.6% from the previous month and up 5.6% above December 2022, according to the U.S. Census Bureau.

Shane Calloway Named President, North America of RegalCraft

Dallas, TX, January 17, 2024-RegalCraft, a flooring manufacturer specializes in producing custom flooring products for OEM distribution or private label markets, has announced the addition of Shane Calloway as president, North America.

Virginia Tile Names Sean Cilona VP of Product & Marketing

Livonia, MI, January 17, 2024-Virginia Tile has announced the promotion of Sean Cilona to the position of vice president of product and marketing. In addition to this milestone,

Industrial Production Rose 0.1% in December, Down 3.1% in Q4

Washington, DC, January 17, 2024-Industrial production moved up 0.1% in December and declined 3.1% at an annual rate in the fourth quarter, according to the Federal Reserve.

Import Prices Flat in December; Export Prices Down 0.9%

Washington, DC, January 17, 2024—U.S. import prices were unchanged in December, after declining 0.5% in November, the U.S. Bureau of Labor Statistics reported.

Distrib. Trade Sales & Manufacturer Shipments Up 0.2% in November

Washington, DC, January 17, 2024—The combined value of distributive trade sales and manufacturers’ shipments for November was estimated at $1,858.8 billion, up 0.2% from October 2023 and was up 1.0% from November 2022, the U.S. Census Bureau announced.

HMTX's Harlan Stone Named a Maritime Aquarium Trustee

Norwalk, CT, January 17, 2024—HMTX Industries CEO Harlan Stone was appointed to the board of trustees of The Maritime Aquarium, in recognition of his commitment to the Norwalk, Connecticut community, where HMTX is headquartered, and the environment—a combination that will help the Aquarium foster a connection between the community and the ocean.