Today's Flooring News

Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.

30%+ of Multifam Development Cost Due to Regulation, Says NAHB

30%+ of Multifam Development Cost Due to Regulation, Says NAHB

Washington, DC, June 15, 2018—Regulation imposed by all levels of government accounts for an average of 32.1% of multifamily development costs, according to new research released today by the National Association of Home Builders (NAHB) and the National Multifamily Housing Council (NMHC).

Interface to Acquire Nora

Interface to Acquire Nora

Atlanta, GA, June 14, 2018—Interface has signed a definitive agreement to acquire Nora Systems in a stock purchase transaction valued at approximately $420 million.

Retail Sales Rose 5.9% YOY in May

Retail Sales Rose 5.9% YOY in May

Washington, DC, June 14, 2018—Advance estimates of U.S. retail and food services sales for May 2018 were $502.0 billion, an increase of 0.8% from the previous month, and 5.9% above May 2017, according to the U.S. Census Bureau.

Imports & Export Prices Rose in May

Imports & Export Prices Rose in May

Washington, DC, June 14, 2018—Prices for U.S. imports increased 0.6% for the second consecutive month in May, the U.S. Bureau of Labor Statistics reported.

Construction Costs Rose 8.8% in May

Construction Costs Rose 8.8% in May

Washington, DC, June 14, 2018—Construction costs accelerated again in May, 8.8% overall, with steep increases for a wide range of building and road materials, including many that are subject to tariffs that could drive prices still higher, according to an analysis by the Associated General Contractors of America of new Labor Department data.