Breaking Flooring News

Diversify Forms Strategic Partnership with Contract Carpet Systems

Chicago, IL, December 2, 2020—Diverzify is announcing a strategic partnership with Contract Carpet Systems, a Washington D.C.-area commercial flooring brand servicing the greater Maryland and Virginia region since 1976.

Construction Spending Rose 1.3% in October

Washington, DC, December 1, 2020—Construction spending during October 2020 was estimated at a seasonally adjusted annual rate of $1,438.5 billion, 1.3% above the revised September estimate of $1,420.4 billion, according to the U.S. Census Bureau.

Q3 Kitchen & Bath Market Index Hits Highest Point in 2020

Hackettstown, NJ, December 1, 2020-For the first time this year, the Q3 Kitchen & Bath Market Index (KBMI) is above 50-at 61.9-up from 44.2 in Q2 and 41 in Q1, according to the National Kitchen & Bath Association (NKBA) and John Burns Real Estate Consulting (JBREC).

November Purchasing Managers' Index Slid to 57.5%

Tempe, AZ, December 1, 2020-The November Manufacturing Purchasing Managers' Index (PMI) registered 57.5%, down 1.8 percentage points from the October reading of 59.3%, according to the Manufacturing ISM Report On Business.

UK's 2020 National Flooring Innovation Award Winners Announced

Catton, Thirsk, UK, December 1, 2020-Winners of the United Kingdom’s 2020 National Flooring Innovation Awards have been announced.

Arropol Launching Hand Sanitizer Initiative to Support FCEF

Dalton, GA, November 30, 2020-Arropure, a new hand sanitizer brand made by Arropol Chemicals of Dalton, Georgia, has launched a “Helping Hand” initiative in support of the floorcovering industry.

November Pending Home Sales Slid 1.1% from Oct., but Rose 20.2% YOY

Washington, DC, November 30, 2020-The Pending Home Sales Index (PHSI) fell 1.1% to 128.9 in October, the second straight month of decline, according to the National Association of Realtors. Year-over-year, contract signings rose 20.2%.

Salone del Mobile.Milano Postponed from April to September

Milan, IT, November 30, 2020—The sixtieth edition of the Salone del Mobile.Milano 2021 will be held from September 5 to 10, not in April as is traditional.

Congoleum Exits Voluntary Reorganization Proceedings

Trenton, NJ, November 24, 2020— Congoleum has announced that it has successfully completed its restructuring process as a privately held company.

New Home Sales Up 41.5% YOY in October

Washington, DC, November 25, 2020-Sales of new single-family houses in October 2020 were at a seasonally adjusted annual rate of 999,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.

Q3 GDP Second Estimate Up 33.1%, Same as First Estimate

Washington, DC, November 25, 2020-Real gross domestic product (GDP) increased at an annual rate of 33.1% in the third quarter of 2020, according to the second estimate released by the Bureau of Economic Analysis.

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