Breaking Flooring News

Mannington & Phenix Announce Price Increase on Select Hard & Soft Products

Salem, NJ, March 5, 2021-Challenged by rising costs in raw materials and freight, Mannington and Phenix will implement a price increase on select hard and soft surface flooring products.

Mohawk to Close Eden, North Carolina Carpet and Rug Mill

Eden, NC, March 5, 2021-Mohawk will close its Eden, North Carolina manufacturing facility, which traditionally made Karastan rugs, according to WRAL Tech Wire.

Jay Zurn Named Director of Product Support for HMTX

Norwalk, CT, March 5, 2021—Jay Zurn has been promoted to the position of director of product support of HMTX Industries within the company’s STIQ team (Sustainability, Transparency, Innovation and Quality).

Employment Increased by 379K in Feb., Unemployment Steady

Washington, DC, March 5, 2021—Total nonfarm payroll employment rose by 379,000 in February, and the unemployment rate was little changed at 6.2%, the U.S. Bureau of Labor Statistics reported.

Goods & Services Deficit Widened by $1.2 Billion in January

Washington, DC, March 5, 2021—The goods and services deficit was $68.2 billion in January, up $1.2 billion from $67.0 billion in December, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.

Dixie Group Sales Decline 16% for 2020, Profitable in Second Half

Dalton, GA, March 4, 2021-The Dixie Group reported net sales of $315,939,000 for fiscal year 2020, a 16% decline compared to sales of $374,582,000 in fiscal year 2019.

Gerflor's NCAA Official Sports Court Partnership Renewed

Chicago, IL, March 4, 2021-The NCAA has renewed its Official Court partnership agreement with Connor Sports and Gerflor USA through 2025 to include the manufacture, installation and technical management of all hardwood surfaces for the men’s and women’s basketball championships, which includes both Final Fours.

Mortgage Rate Above 3% for First Time Since July

Washington, DC, March 4, 2021—The average rate on a 30-year fixed-rate mortgage rose to 3.02%, according to Freddie Mac.

Productivity Decreased 4.2% in Q4 2020

Washington, DC, March 4, 2021—Nonfarm business sector labor productivity decreased 4.2% in the Q4 2020, the U.S. Bureau of Labor Statistics reported, as output increased 5.5% and hours worked increased 10.1%.

Küberit Now a Starnet Preferred Vendor Partner

Florence, AL, March 4, 2021-Küberit is now a Starnet Preferred Vendor Partner.

Orders for Manufactured Goods Up 2.6% in January

Washington, DC, March 4, 2021—New orders for manufactured goods in January, up nine consecutive months, increased $13.1 billion or 2.6% to $509.4 billion, the U.S. Census Bureau reported.

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