Breaking Flooring News

Lumber Prices Falling Dramatically

New York, NY, June 15, 2021—"Lumber prices are falling back to earth,” reports the Wall Street Journal.

Xpress Global Expands into NC with New Charlotte Service Center

Chattanooga, TN, June 15, 2021—Xpress Global Systems has made a strategic expansion into the North Carolina market with the opening of a new service center in Charlotte.

Retail Sales Declined 1.3%, Driven by Supply Chain Challenges

Washington, DC, June 15, 2021—Advance estimates of U.S. retail and food services sales for May 2021 were $620.2 billion, a decrease of 1.3% from the previous month, but 28.1% above May 2020, according to the Commerce Department.

Industrial Production Rose 0.8% in May

Washington, DC, June 15, 2021—Total industrial production increased 0.8% in May, according to the Federal Reserve.

Producer Prices Rose 0.8% in May

Washington, DC, June 15, 2021—The Producer Price Index for final demand increased 0.8% in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.

Shaw Cuts Ribbon on Living Lab

Dalton, GA, June 15, 2021—Shaw held its ribbon-cutting ceremony June 11 for a new Living Lab that will serve as a real-life test environment for residential products.

Supply Chain Challenges Disrupting Domestic Manufacturers

New York, NY, June 14, 2021—In the latest sign of the U.S. economy’s post-pandemic disarray, even companies that have built domestic supply chains are running up against extreme shortages of goods and labor, reports the Wall Street Journal.

Americans Quitting Their Jobs at Highest Rate in Two Decades

New York, NY, June 14, 2021—More U.S. workers are quitting their jobs than at any time in at least two decades, signaling optimism among many professionals while also adding to the struggle companies face trying to keep up with the economic recovery, reports the Wall Street Journal.

Välinge Flooring Hardened Wood Floors Earns Greenguard Gold

Viken, Sweden, June 14, 2021—Välinge Flooring Hardened Wood Floors featuring Woodura surface technology have achieved Greenguard Gold certification—the highest Greenguard product rating.

Universal Fibers Launches Brand Refresh

Bristol, VA, June 14, 2021—Universal Fibers has announced the debut of its new visual elements, logo, and brand that accompany the re-launch of www.universalfibers.com.