Durable Goods Orders Rose 0.1% in May
Washington, DC, June 27, 2024—New orders for manufactured durable goods in May, up four consecutive months, increased $0.3 billion or 0.1% to $283.1 billion, the U.S. Census Bureau announced.
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.
Ecore Adds Suzanne Folsom and Tom Wroe to Board of Directors
Lancaster, PA, June 27, 2024—Ecore Int’l has added Suzanne Folsom and Tom Wroe to its board of directors.
Initial Jobless Claims Declined by 6,000 in Week Ending June 22
Washington, DC, June 27, 2024—In the week ending June 22, the advance figure for seasonally adjusted initial claims was 233,000, a decrease of 6,000 from the previous week's revised level, according to the Department of Labor.
Ed Zylger of W.F. Taylor Has Died
Palm Bay, FL, June 27, 2024—Ed Zylger, 88, of W.F. Taylor has died.
Architecture Billings Declined to 42.4 in May
Washington, DC, June 26, 2024-The American Institute of Architects (AIA) Architecture Billings Index (ABI) score declined to 42.4 in May, as more firms reported a decrease in billings than the month prior.
New-Home Sales Declined 11.3% in May
Washington, DC, June 26, 2024—Sales of new single-family houses in May 2024 were at a seasonally adjusted annual rate of 619,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 11.3% below the revised April rate of 698,000 and 16.5% below the May 2023 estimate of 741,000.
Nourison Home Acquires J Mish Mills
Saddle Brook, NJ, June 26, 2024-Nourison Home has purchased J Mish Mills, a carpet manufacturer that specializes in wool floorcoverings that offer modern, unique and classic designs through applied patterns.
SCI Flooring Acquires Carpetbaggers, Inc.
Seattle, WA, June 26, 2024—SCI Flooring, owned by Rainier Partners has announced its second add-on acquisition, Carpetbaggers, Inc.
Private Equity Firm KKR Invests $2.1 Billion in Multifamily Market
New York, NY, June 26, 2024—"KKR has completed its largest-ever purchase of apartment buildings, the latest in a string of big-ticket deals, signaling that some of the most prominent investment firms are betting on a broad rebound for multifamily housing,” reports the Wall Street Journal.
Chinese Container Rates Have Risen 112% Since November
Hamburg, DE, June 26, 2024— Container xChange has shared the following update on the container shipping industry: