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Oct 19, 2022 / The Right News Right When It Happens

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Architecture Billings Declined to 51.7 in September but Demand Continues

Washington, DC, October 19, 2022—The AIA Architecture Billings Index (ABI) score for September was 51.7 down from a score of 53.3 in August, indicating essentially stable business conditions for architecture firms (any score above 50 indicates an increase in billings from the prior month), according to The American Institute of Architects (AIA).

Today's Flooring News

Victoria Acquires Florida-Based International Wholesale Tile

Kidderminster, UK, October 19, 2022-Victoria-a U.K.-based designer, manufacturer and distributor of flooring-has acquired International Wholesale Tile (IWT) for $28.5m, according to The Business Desk.

Housing Starts Declined 8.1% in September

Washington, DC, October 19, 2022—Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,439,000, 8.1% below the revised August estimate of 1,566,000 and 7.7% below the September 2021 rate of 1,559,000, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

Mortgage Applications Decline 4.5% in Week Ending October 14

Washington, DC, October 19, 2022-Mortgage applications decreased 4.5% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 14, 2022.

Martin Howard Receives NTCA's 2022 Ring of Honor

Flowood, MS, December 19, 2022-Martin Howard, executive vice president of operations of the David Allen Company in Raleigh, North Carolina, is this year’s recipient of the National Tile Contractors Association Ring of Honor.