Breaking Flooring News

Construction Spending Inched Up 0.2% in October

Washington, DC, December 1, 2021-Construction spending during October 2021 was estimated at a seasonally adjusted annual rate of $1,598.0 billion, 0.2% above the revised September estimate of $1,594.8 billion, according to the U.S. Census Bureau.

Stanton Enters Commercial LVT Market w/ Two Collections

Woodbury, NY, December 1, 2021-Stanton Carpet Corporation announces the introduction of the Vanguard Rigid and Vanguard Flex Collections, the company’s first commercial LVT collection.

ISM Manufacturing Index Rose to 61.1% in November

Tempe, AZ, December 1, 2021-The November Manufacturing Purchasing Manager Index (PMI) registered 61.1%, an increase of 0.3 percentage point from the October reading of 60.8%, according to the latest Manufacturing ISM Report On Business.

Mortgage Applications Down 7.2% Thanksgiving Week

Washington, DC, December 1, 2021-Mortgage applications decreased 7.2% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 26, 2021.

Ceramics of Italy Launches 29th Edition of Tile Competition

New York, NY, December 1, 2021-Confindustria Ceramica (the Italian Association of Ceramics) and the Italian Trade Agency have announced that the 2022 Ceramics of Italy Tile Competition is now open for entries.

Private Sector Employment Rose by 534,000 Jobs in November

Roseland, NJ, December 1, 2021-Private sector employment increased by 534,000 jobs from October to November, according to the November ADP National Employment Report.

Home Prices Rose 19.5% YOY in September, Says Case-Shiller

New York, NY, November 30, 2021-Home prices made a 19.5% annual gain in September, down from 19.8% in the previous month, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported.

Couristan Announces Price Increase on Res. Broadloom, Roll Runners

Fort Lee, NJ, November 30, 2021- Due to continued increases in raw materials, international transportation, labor, and other related costs, Couristan announced a price increase, effective December 1.

Laticrete Celebrates 65th Anniversary at Total Solutions Plus

Bethany, CT, November 30, 2021-Laticrete celebrated its 65-year anniversary with participation as a titanium sponsor of Total Solutions Plus.

Victoria Acquires Balta's Rug Division & UK Carpet Businesses

Worcestershire, UK, November 29, 2021-Victoria will acquire the growing rugs division of Belgium-based flooring company Balta Group, along with its UK polypropylene carpet and non-woven carpet businesses, and the Balta brand, for €138m.