Shaw to Shutter Its Stuart, VA Solid Hardwood Facility
Stuart, VA, November 1, 2017—Shaw Industries will shutter its Stuart, Virginia solid hardwood manufacturing facility by the end of the year, reports WDBJ7.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Couristan Taps Len Andolino as EVP of Residential
Fort Lee, NJ, November 1, 2017—As part of Couristan’s strategic growth strategy to double its size over the next five years, management announced today the appointment of Len Andolino as executive vice president of its residential division, where he will spearhead the company’s broadloom and area rug specialty business.
Erik Christensen Named CEO & President of Swiss Krono U.S.
Barnwell, SC, November 1, 2017—Swiss Krono Group appoints a new CEO and president Erik Christensen to run its U.S. operations in Barnwell, South Carolina, effective October 24, 2017.
Construction Spending Rose 0.3% in September
Washington, DC, November 1, 2017—Construction spending during September 2017 was estimated at a seasonally adjusted annual rate of $1,219.5 billion, 0.3% above the revised August estimate of $1,216.0 billion, according to the U.S. Census Bureau.
Havwoods Announces Three New C-Suite Hires
New York, NY, November 1, 2017—Havwoods International has announced the introduction of three senior c-suite appointments to the company: Tony Lorenz as global chief marketing officer; Peter Jones as global chief operating officer; and Andrew Barnes as global chief finance officer.
Milliken Releases Third Sustainability Report
Spartanburg, SC, November 1, 2017—Milliken announces the release of its third annual global sustainability report.
Purchasing Managers' Index Fell to 58.7% in October
Tempe, AZ, November 1, 2017—The October Purchasing Managers’ Index registered 58.7%, a decrease of 2.1 percentage points from the September reading of 60.8%, according to the latest Manufacturing ISM Report On Business.
Mohawk & Humanscale Host Series of Talks on Sustainability
Calhoun, GA, November 1, 2017—Mohawk Group and Humanscale broadened the conversation on sustainability last week with a series of talks illustrating how manufacturers are creating designs that contribute to healthy spaces, demonstrate product transparency, and give back to the earth.
Lumber Liquidators Grew Sales in Q3, But Still Reports Loss
Toano, VA, October 31, 2017—Lumber Liquidators reported net sales for Q3 2017 increased $13.1 million, or 5.4%, to $257.2 million from $244.1 million in Q3 2016.
First-time Homebuyers Hindered by Low Supply, Affordability
Washington, DC, October 31, 2017—Despite solid interest in buying a home—sparked by steady job gains, record low mortgage rates and higher rents—the severe drought in housing supply in much of the country over the past year accelerated price growth and kept many first-time buyers out of the market.