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Dec 23, 2022 / The Right News Right When It Happens

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New-Home Sales Rose 5.8% in November

Washington, DC, December 23, 2022—Sales of new single-family houses in November 2022 were at a seasonally adjusted annual rate of 640,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 5.8% above the revised October rate of 605,000 but 15.3% below the November 2021 estimate of 756,000.

Today's Flooring News

Consumer Sentiment Rose 5.1% to 59.7 in December

Ann Arbor, MI, December 23, 2022—Consumer sentiment rose 5.1% to 59.7 in December, according to final results from the University of Michigan Survey of Consumers.

Supply-Chain Challenges Spurred by Covid Now Abated

New York, NY, December 23, 2022—"The Covid-19 pandemic might not be gone, but the global supply-chain crisis it spawned has abated,” reports the Wall Street Journal.

Durable Goods Orders Declined 2.1% in November

Washington, DC, December 23, 2022—New orders for manufactured durable goods in November, down following three consecutive monthly increases, decreased $5.8 billion or 2.1% to $270.6 billion, the U.S. Census Bureau announced. This followed a 0.7% October increase.

Personal Income Rose 0.4% in November, Spending Up 0.1%

Washington, DC, December 23, 2022—Personal income increased $80.1 billion (0.4%) in November, according to estimates released by the Bureau of Economic Analysis.

Housing Market Will Get Worse Before Better, Says Restoration Hardware CEO

Corte Madera, CA, December 23, 2022—Restoration Hardware’s revenues dropped 14% in 2021, reports Unity Marketing. Restoration Hardware is a home furnishings retailer.

Two Torlys Collections Receive Assure Certification

Toronto, ON, December 23, 2022—The entire Torlys EverWood and Torlys EverTile waterproof vinyl lines have been classified as Assure Certified, the quality certification for rigid core vinyl flooring.