Breaking Flooring News

Initial Jobless Claims Declined by 2K in Week Ending June 25

Washington, DC, June 30, 2022—In the week ending June 25, the advance figure for seasonally adjusted initial claims was 231,000, a decrease of 2,000 from the previous week's revised level, according to the Department of Labor.

Galleher Adds Irina Slonim as Corporate Controller

Santa Fe Springs, CA, June 30, 2022—Galleher, a west coast flooring distributor, continues to add expertise to its financial management team with the addition of Irina Slonim as its corporate controller.

CCA Announces Details of Summer Convention

Manchester, NH, June 30, 2022—CCA Global Partners Retail Group is prepping for its summer convention “The Future Of Next” at the Gaylord Opryland Resort & Convention Center in Nashville from August 8 to 10, featuring a roster of events and speakers including keynoter Kevin O’Leary from NBC’s Shark Tank.

NTCA Releases Dates for Free Gauged Porcelain Training in GA & KY

Flowood, MS, June 30, 2022—The National Tile Contractor Association (NTCA) has day-long free training programs on substrate prep and large-format tile installation or gauged porcelain tile panel installations in Georgia and Kentucky scheduled for July.

Xpress Global Systems Expanding Service to Missouri

Chattanooga, TN, June 30, 2022—Xpress Global Systems (XGS) is broadening its service area to include Missouri.

Armstrong Auction Pushed Back Until July 5

Lancaster, PA, June 29, 2022-The auction for the assets of Armstrong Flooring has been moved until July 5.

Mortgage Applications Rose 0.7% in Week Ending June 24

Washington, DC, June 29, 2022-Mortgage applications increased 0.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 24, 2022.

Q1 GDP Revised from 1.5% Decline to 1.6% Decline in Third Estimate

Washington, DC, June 29, 2022-Real gross domestic product (GDP) decreased at an annual rate of 1.6% in the first quarter of 2022, according to the third estimate released by the Bureau of Economic Analysis.

Housing Headwinds Forcing Some Home-Seekers to Give Up the Hunt

New York, NY, June 29, 2022—"Steeper borrowing rates and high prices in the housing market are leading many buyers to give up. That is welcome news for owners of single-family rental homes,” reports the Wall Street Journal.

Crossville Promotes Kettering & Coggins to Director Positions

Crossville, TN, June 29, 2022-Crossville has announced two promotions within its sales organization. Tom Kettering and Anthony Coggins are both expanding their roles as directors of sales for their respective geographic regions.

Home Prices Rose 20.4% in April, Says Case-Shiller

New York, NY, June 28, 2022—Home prices made a 20.4% annual gain in April, down from 20.6% 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.

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