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Jul 27, 2022 / The Right News Right When It Happens

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U.S. Hotel Construction Pipeline Rose 9% YOY in Q2

Portsmouth, NH, July 27, 2022-According to the recently released United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. construction pipeline stands at 5,220 projects/621,268 rooms at the close of 2022’s second quarter, up 9% year-over-year (YOY) by projects and 4% YOY by rooms.

Today's Flooring News

Pending Home Sales Declined 8.6% in June

Washington, DC, July 27, 2022—The Pending Home Sales Index (PHSI) dipped 8.6% to 91.0 in June, according to the National Association of Realtors. Year-over-year, transactions shrank 20.0%.

International Monetary Fund Downgrades Global Outlook for '22 & '23

New York, NY, July 27, 2022—The International Monetary Fund (IMF) cut its global growth outlook for this year and next, warning that the world economy may soon be on the cusp of an outright recession, reports the Wall Street Journal.

Mortgage Applications Declined 1.8% in Week Ending July 22

Washington, DC, July 27, 2022—Mortgage applications decreased 1.8% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 22, 2022.

Orders for Durable Goods Rose 1.9% in June

Washington, DC, July 27, 2022—New orders for manufactured durable goods in June increased $5.0 billion or 1.9% to $272.6 billion, the U.S. Census Bureau announced.

Congoleum to Provide Flooring & Supply for FCEF Programs

Dalton, GA, July 27, 2022—Congoleum has committed to providing flooring and supplies for Floor Covering Education Foundation (FCEF) programs.