| | | Jul 27, 2022 / The Right News Right When It Happens | | Top Story | | | | 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. | | |
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| | 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%. | | |
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| | | | 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. | | |
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| | | | 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. | | |
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| | | 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. | | |
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| | | 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. | | |
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| Featured Video | | | | Howerton and Hickman Discuss Nationwide Marketing Group's Integration with the FEI Group | | July 27, 2022—Graham Howerton and Tom Hickman, presidents of the FEI Group and Nationwide Marketing Group, respectively, discuss Nationwide Mark | | |
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