Breaking Flooring News

Consumer Sentiment Declined 6.8% in May

Ann Arbor, MI, May 26, 2023—Consumer sentiment slid 6.8% to 59.2 in May, according to final results from the University of Michigan Survey of Consumers.

Personal Income Rose 0.4% in April, Spending Up 0.8%

Washington, DC, May 26, 2023—Personal income increased $80.1 billion (0.4% at a monthly rate) in April, according to estimates released by the Bureau of Economic Analysis.

Durable Goods Orders Rose 1.1% in April

Washington, DC, May 26, 2023—New orders for manufactured durable goods in April, up two consecutive months, increased $3.1 billion or 1.1% to $283.0 billion, the U.S. Census Bureau announced.

Founder of LL Flooring, Tom Sullivan, Has Acquired 9.4% of LL's Stock

Richmond, VA, May 25, 2023-Tom Sullivan, founder and former CEO of LL Flooring, acquired 9.4% of LL stock for the purpose of beginning discussions with LL management about board about merging the stores with Cabinets To Go, another business founded by Sullivan.

Herregan Distributors Transitions to ESOP Ownership Structure

St. Paul, MN, May 25, 2023-Herregan Distributors has announced its transition to an Employee Stock Ownership Plan (ESOP) company.

Pending Homes Sales Steady at 78.9 in April

Washington, DC, May 25, 2023-The Pending Home Sales Index (PHSI) remained at 78.9 in April, posting no change from the previous month, according to the National Association of Realtors.

Cosentino Announces $270M Manufacturing Facility in Florida

Coral Gables, FL, May 25, 2023- Spain-based Cosentino Group, a family-owned producer and distributor of flooring, countertop and other surfaces, has announced plans to expand its manufacturing to North America, which would mark Cosentino’s first manufacturing facility beyond its Industrial Park in Almería, Spain and natural stone factory in Vitoria, Brazil.

Q1 GDP Revised Up to 1.3% in Second Estimate

Washington, DC, May 25, 2023—Real gross domestic product (GDP) increased at an annual rate of 1.3% in Q1 2023, according to the second estimate released by the Bureau of Economic Analysis.

HMTX's Stone Awarded Eugene M. Lang Lifetime Achievement Award

Norwalk, CT, May 25, 2023—On May 22, HMTX Industries CEO Harlan Stone was awarded the Eugene M. Lang Lifetime Achievement Award from the I Have a Dream Foundation at Guastavino’s in New York City.

Metroflor Publishes Three New EPDs

Norwalk, CT, May 25, 2023—Metroflor Corporation announced that it has made available three new product-specific Environmental Product Declarations (EPDs) for five of its commercial product lines: Metroflor LVT Déjà New Dryback, Metroflor LVT Over the Top Loose Lay, Déjà New with Attraxion Magnetic Technology, Metroforms with Magnetic Attraxion Technology, and Genesis 20 mil WPC collections.

40th Edition of Cersaie Expected to be Fully Booked

Bologna, IT, May 25, 2023—Cersaie 2023, the ceramic tile and bathroom furnishing exhibition, will be held in Bologna, Italy from September 25 to 29; this will be the 40th anniversary of the event.

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