Breaking Flooring News

Orders for Manufacture Goods Rose 0.4% in April

Washington, DC, June 5, 2023—New orders for manufactured goods in April, up four of the last five months, increased $2.6 billion or 0.4% to $577.5 billion, the U.S. Census Bureau reported.

Residential Construction Was Weak Last Year but Likely Hit Bottom

Charlotte, NC, June 5, 2023—Residential new construction contracted significantly on the heels of the interest rate increases that hit mortgages in 2022, reports Truist.

Mohawk Names Malisa Maynard Chief Sustainability Officer

Calhoun, GA, June 5, 2023—Mohawk Industries announces Malisa Maynard has been appointed chief sustainability officer.

Buyers Turning to New Homes Due to Low Existing Home Inventory

Washington, DC, June 2, 2023—More Americans are turning to new home construction as existing inventory remains low and mortgage rates begin to stabilize, reports the National Association of Home Builders (NAHB).

Employment Rose by 339,000 in May, Unemployment Also Rose

Washington, DC, June 2, 2023—Total nonfarm payroll employment increased by 339,000 in May, and the unemployment rate rose by 0.3 percentage point to 3.7%, the U.S. Bureau of Labor Statistics reported.

Ardex Launches System Selector Tool

Aliquippa, PA, June 2, 2023—Ardex has launched the Ardex System Selector, an easy way to create a complete product system in no time and the newest addition to Ardex’s digital footprint.

Construction Spending Rose 1.2% in April

Washington, DC, June 1, 2023—Construction spending during April 2023 was estimated at a seasonally adjusted annual rate of $1,908.4 billion, 1.2% above the revised March estimate of $1,885.0 billion, according to the U.S. Census Bureau. The

Mannington Commercial Appoints Cindy Kaufman as VP of Marketing

Calhoun, GA, June 1, 2023-Mannington Commercial has named Cindy Kaufman as its new vice president of marketing, effective today.

Labor Productivity Declined 2.1% in Q1 2023

Washington, DC, June 1, 2023—Nonfarm business sector labor productivity decreased 2.1% in Q1 2023, the U.S. Bureau of Labor Statistics reported today, as output increased 0.5% and hours worked increased 2.6%.

Private Sector Employment Ros by 278,000 in May

Roseland, NJ, June 1, 2023—Private sector employment increased by 278,000 jobs in May and annual pay was up 6.5% year-over-year, according to the May ADP National Employment Report produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab.

NWFA Inducts Tito Boror into Legacy Scholarship Program

St. Louis, MO, June 1, 2023-The National Wood Flooring Association (NWFA) has inducted Jorge "Tito" Boror, the business manager at Lobasand, into its Legacy Scholarship program through the NWFA Education and Research Foundation (NERF).

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