Breaking Flooring News

Lowe's Q3 Sales Down 1% YOY, Earnings Down 6%

Mooresville, NC, November 20, 2024—Lowe's reported total sales for Q3 2024 were $20.2 billion, a 1% decline compared to $20.5 billion in the prior-year quarter.

Architecture Billings Turned Positive in October at 50.3

Washington, DC, November 20, 2024—After twenty months of declining billings, the AIA/Deltek Architecture Billings Index (ABI) score for October was 50.3. This score indicates a balance between the number of firms experiencing a decrease in billings and those seeing an increase.

CARE Releases New Assessment Rates, Pending CalRecycle Approval

Dalton, GA, November 20, 2024—Pending CalRecycle approval, the California Carpet Assessment will increase on February 1, 2025.

Footprints Floors Launches Sister Business for Bath Renovation

Greenwood Village, CO, November 20, 2024-- Footprints Floors, a national flooring franchise, has expanded its offerings with the launch of a sister brand, Footprints Bath and Tile.

Mortgage Applications Rose 1.7% in Week Ending November 15

Washington, DC, November 20, 2024—Mortgage applications increased 1.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 15, 2024.

Adleta Announces Promotions for Sauter and Johnson

Carrollton, TX, November 20, 2024-Adleta Corporation has announced the following promotions.

Diverzify Acquires DecoCrete, Forms HPF--Southwest

Atlanta, GA, November 19, 2024-Diverzify, a commercial flooring and interior services provider, has acquired Dallas-based DecoCrete and formed a new division, HPF (High Performance Floors)-Southwest, the joining of DecoCrete and Spectra Contract Flooring.

Ecore Receives Minority Growth Investment from General Atlantic

Lancaster, PA, November 19, 2024—Ecore International has received a minority growth investment from General Atlantic, a global growth investor, through the firm’s BeyondNetZero climate growth fund.

Housing Starts Declined 3.1% in October

Washington, DC, November 19, 2024—Privately-owned housing starts in October were at a seasonally adjusted annual rate of 1,311,000, 3.1% below the revised September estimate of 1,353,000 and 4.0% below the October 2023 rate of 1,365,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced.

Empire Today Awarded 2024 Chicago Torch Hall of Fame Award

Northlake, IL, November 19, 2024—Empire Today, a shop-at-home, direct-to-consumer flooring company, has been awarded the 2024 Chicago Torch Hall of Fame Award by the Better Business Bureau (BBB) of Chicago and Northern Illinois.

WFCA Seeking 2025 Hall of Fame Nominees

Dalton, GA, November 19, 2024––The World Floor Covering Association (WFCA) is accepting applications for nominations to the Floor Covering Industry Hall of Fame.

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