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Jan 20, 2022 / The Right News Right When It Happens

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Existing-Home Sales Declined 4.6% in Dec. but Rose 8.5% in 2021

Washington, DC, January 20, 2022—Total existing-home sales dropped 4.6% from November to a seasonally adjusted annual rate of 6.18 million in December, according to the National Association of Realtors.

Today's Flooring News

Remodel Spending to Expand in 2022

Cambridge, MA, January 20, 2022—Spending for home improvements and repairs is expected to expand at a stronger pace in 2022, but signs point to some easing of growth by year end, according to the Leading Indicator of Remodeling Activity (LIRA) by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

Homebuilder Prospects Favorable Heading into 2022

New York, NY, January 20, 2022—This should be a great year for U.S. home builders. Convincing investors of that might take time, reports the Wall Street Journal.

Mark Bowe of Barnwood Builders Appearing in AHF Surfaces Booth

Lancaster, PA, January 20, 2022-Television host Mark Bowe, whose show Barnwood Builders is currently on the Magnolia Network, will appear February 1 and 2 at the AHF Products Surfaces booth at Surfaces.

Crossville Output High as It Prepares for Early 2022 Shows

Crossville, TN, January 20, 2022—Crossville’s production is running its highest output in several years, five days a week and 24 hours a day.

Salone del Mobile.Milano Postponed Until June

Milano, IT, January 20, 2022—In light of recent Covid-19 surge, Salone del Mobile.Milano has announced that it will postpone this year’s show.

Initial Jobless Claims Rose by 55K to 286K in Second Week of Jan.

Washington, DC, January 20, 2022—In the week ending January 15, the advance figure for seasonally adjusted initial claims was 286,000, an increase of 55,000 from the previous week's revised level, according to the Department of Labor.