Breaking Flooring News

Armstrong Spends $50M to Buy Back 17.3% of Shares in Dutch Auction

Lancaster, PA, June 24, 2019-Armstrong Flooring announced the final results of its modified “Dutch auction” self-tender offer to repurchase up to $50,000,000 in cash of its common stock, which expired at 12:00 a.m., New York City time, at the end of June 14, 2019.

Shaw & EF Among Georgia's Best Employers, Says Forbes

New York, NY, June 24, 2019—Forbes has released its list of America’s Best Employers by State.

Couristan Releases 2019 Trend Report

Fort Lee, NJ, June 24, 2019-Couristan has released its 2019 annual trend report.

Existing-Home Sales Rose 2.5% in May

Washington, DC, June 21, 2019—Total existing-home sales jumped 2.5% from April to a seasonally adjusted annual rate of 5.34 million in May, according to the National Association of Realtors. Total sales, however, are down 1.1% from a year ago (5.40 million in May 2018).

Investor Home Purchases at All-Time High, Says WSJ

New York, NY, June 21, 2019—The share of investor purchases of U.S. homes have climbed to an all-time high, a sign that rising home prices have done little to dampen demand for flipping homes or turning them into single-family rentals, reports The Wall Street Journal.

Bonitz Restructures Senior Leadership Team

Concord, NC, June 21, 2019-Bonitz has formally announced a strategic reorganization of its senior leadership team.

Universal Fibers Acquires Finished Yarn Facilities in Poland & China

Bristol, VA, June 21, 2019—Universal Fibers advanced its commitment in Europe and Asia with the acquisition of twisting and heat-setting assets for its production facilities in Gorzow, Poland and Taicang, China.

AIA Billings Index Inched Down But Remained Positive in May

Washington, DC, June 20, 2019-The American Institute of Architects’ (AIA) Architecture Billings Index (ABI) score for May was 50.2, slightly below April's 50.5 rate.

Unemployment Claims Fell Last Week

Washington, DC, June 20, 2019—In the week ending June 15, the advance figure for seasonally adjusted initial claims was 216,000, a decrease of 6,000 from the previous week's unrevised level of 222,000.

Mohawk Raises Flag in Honor of Long-Serving Employees

Calhoun, GA, June 20, 2019—Jeff Lorberbaum, chairman and CEO of Mohawk Industries, solidified Mohawk’s dedication to American jobs by recognizing 18 employees who have served at Mohawk for 30 years.