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Nov 16, 2023 / The Right News Right When It Happens

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Builder Confidence Slid Six Points to 34 in November

Washington, DC, November 16, 2023—Builder confidence in the market for newly built single-family homes in November fell six points to 34 in November, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

Today's Flooring News

Inflation Falling Faster Than Anticipated

New York, NY, November 16, 2023—"Inflation is falling faster than expected across advanced economies, marking a turning point in central banks’ two-year battle against surging prices,” reports the Wall Street Journal.

Broadlume & Mannington Form Exclusive Partnership

New York, November 16, 2023 - Broadlume, a flooring technology company, has announced an exclusive partnership with Mannington, including the Mannington and Phenix brands, as they leverage Broadlume’s platform to power their Digital Retailing program.

Construction Input Prices Down 1.2% in October

Washington, DC, November 16, 2023—Construction input prices declined 1.2% in October on a monthly basis, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data.

Import Prices Down 0.8% in October, Export Prices Down 1.1%

Washington, DC, November 16, 2022—U.S. import prices declined 0.8% in October, after increasing 0.4% in September, the U.S. Bureau of Labor Statistics reported.

Initial Jobless Claims Rose by 13,000 in Week Ending November 11

Washington, DC, November 16, 2022—In the week ending November 11, the advance figure for seasonally adjusted initial claims was 231,000, an increase of 13,000 from the previous week's revised level, according to the Department of Labor.

Lowe's Names 2023 Vendor Partners of the Year

Mooresville, NC, November 16, 2023—Lowe's announced Hixson Lumber, GE Appliances and PrimeSource as the company's 2023 Vendor Partners of the Year.

RegalCraft Launches as OEM Flooring Provider of LVT and Laminate

Dallas, TX, November 16, 2023-RegalCraft, a custom flooring importer, announces its entry into the market, specializing in producing custom flooring products designed exclusively for OEM distribution and private label markets.