Breaking Flooring News

Construction Spending Rose 0.6% in October

Washington, DC, December 1, 2023-Construction spending during October 2023 was estimated at a seasonally adjusted annual rate of $2,027.1 billion, 0.6% above the revised September estimate of $2,014.7 billion, according to the U.S. Census Bureau.

International Flooring Company Announces Partnership with Broadlume

Amelia Island, FL, December 1, 2023-At Broadlum’s annual FloorCon meeting in Amelia Island, Florida, International Flooring Company (IFC) announced that it is partnering with Broadlume on a new brand called Canopy.

BDNY Attendance Rose 16% YOY in 2023

New York, NY, December 1, 2023-Boutique Design New York (BDNY), a trade fair and conference for the boutique hospitality and lifestyle industry, gathered nearly 15,000 designers, architects, brand executives, hoteliers, developers, purchasers, manufacturers, and other professionals at the Javits Center November 12 and 13 to experience new products, conversations and networking events.

Kährs Names Dillion as CCO, Brennan Adding COO Role

Altamonte Springs, FL, December 1, 2023—Kährs’ has named Chris Dillon as CCO for the Kährs residential business segment in America.

Purchasing Managers' Index Unchanged in November at 46.7%

Tempe, AZ, December 1, 2023—The Manufacturing PMI registered 46.7% in November, unchanged from the 46.7% recorded in October, say the nation's supply executives in the latest Manufacturing ISM Report On Business.

Consumer Spending & Inflation Slowed in October

Washington, DC, December 1, 2023—"Americans slowed their spending in October and inflation continued cooling as the economy downshifted into fall after a fast-paced summer,” according to the Wall Street Journal.

Personal Income Rose 0.2% in October; Spending Also Up 0.2%

Washington, DC, November 30, 2023-Personal income increased $57.1 billion (0.2% at a monthly rate) in October, according to estimates released by the Bureau of Economic Analysis.

Initial Jobless Claims Rose by 7,000 in Week Ending November 25

Washington, DC, November 30, 2023-In the week ending November 25, the advance figure for seasonally adjusted initial claims was 218,000, an increase of 7,000 from the previous week's revised level, according to the Department of Labor.

Beaulieu Canada/Peerless Flooring Names Maxey VP of Sales

Chattanooga, TN, November 30, 2023-Beaulieu Canada/Peerless Flooring has appointed Mike Maxey regional vice president of sales for National Accounts in the United States, effective December 4.

Pending Home Sales Declined 1.5% in October

Washington, DC, November 30, 2023-Pending home sales dropped 1.5% in October, according to the National Association of Realtors.

Q2 GDP Revised Up to 5.2% in Second Estimate

Washington, DC, November 29, 2023—Real gross domestic product (GDP) increased at an annual rate of 5.2% in Q3 2023, according to the second estimate released by the Bureau of Economic Analysis.

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