Belknap White, JJ Haines & Swiff-Train Unite as UCX
Mansfield, MA, July 17, 2024-The Belknap White Group, JJ Haines & Company, and Swiff-Train Company have unified under a new brand, UCX-the Ultimate Customer Experience in flooring distribution.
Today's Flooring News
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Mohawk Publishes 15th Impact Report, Surfaces with Purpose
Calhoun, GA, July 17, 2024-Mohawk Industries has published its 15th annual impact report, Surfaces with Purpose, which documents the company’s 2023 progress toward its sustainability goals.
Sika Breaks Ground on Mortar Production Plant in New Jersey
Upper Deerfield Township, NJ, July 17, 2024—Sika has broken ground for a new state-of-the-art 250,000 square foot mortar production plant in New Jersey, expected to be in operation in late 2025.
Real Estate Market Struggles Impacting Bond Market
New York, NY, July 17, 2024—"The commercial real-estate meltdown is spilling over into the bond market,” reports the Wall Street Journal.
Stonepeak Forms Partnership with Louisville Tile
Cincinnati, OH, July 17, 2024-Stonepeak, a U.S. manufacturer of porcelain, has announced a new partnership with Louisville Tile, awarding it distribution rights in the Cincinnati, Ohio area.
Bjelin Grows U.S. Team
Helsingborg, Sweden, July 17, 2024—Bjelin has significantly expanded its U.S. team from ten to 25 members over the past year in response to increased demand for the company’s flooring products.
Homebuilder Confidence Declined 1 Point to 42 in July
Washington, DC, July 16, 2024—Builder confidence in the market for newly built single-family homes was 42 in July, down one point from June, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
June Retail Sales Flat from May but Up 2.3% YOY
Washington, DC, July 16, 2024—Advance estimates of U.S. retail and food services sales for June 2024 were $704.3 billion, virtually unchanged from the previous month but up 2.3% above June 2023, according to the U.S. Census Bureau.
Import Prices Flat in June, Export Prices Down 0.5%
Washington, DC, July 16, 2024—U.S. import prices were unchanged in June, after declining 0.2% in May, the U.S. Bureau of Labor Statistics reported.
Truist Releases Expectations for Q2 2024 Earnings
Charlotte, NC, July 16, 2024-Truist issued the following in expectation of Q2 earnings releases.