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Nov 18, 2024 / The Right News Right When It Happens

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Homebuilder Confidence Rises to 46 in November

Washington, DC, November 18, 2024—Builder confidence in the market for newly built single-family homes was 46 in November, up three points from October, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

Today's Flooring News

Americans Need Six-Figure Income to Afford Home in Many Markets

New York, NY, November 18, 2024-"Americans need to earn nearly $108,000 a year to afford a single-family home in most cities now,” reports Fox Business.

Over Half of U.S. Homeowners Did Home Renovation Project Recently

Charlotte, NC, November 18, 2024-Over half of U.S. homeowners have completed major renovation project in past two years, a Nationwide survey of 1,000 U.S. homeowners found, reports Truist.

Many Homeowners Locked into Current Homes, Unable to Sell

New York, NY, November 18, 2024—"Here’s one of the most striking trends in the U.S. right now: Homeowners are sitting on a record $35 trillion of equity, more than double what had built up on the eve of the 2008 housing crash,” reports the Wall Street Journal.

Toray & PTT Explore Adipic Acid Production from Non-Edible Biomass

Tokyo, Japan, November 18, 2024-Toray Industries signed a memorandum of understanding with major Thai petrochemicals producer PTT Global Chemical Public Company Limited to explore mass production technology for adipic acid made from non-edible biomass.

Coverings Cares Program Returning to 2025 Event

Orlando, FL, November 18, 2024––Coverings 2025—returning to Orlando, Florida’s Orange County Convention Center (OCCC), April 29 to May 2, 2025—announces the return of its Coverings Cares program, pledging to match Coverings 2025 registrants’ donations up to $20,000.