ISM Purchasing Managers' Index Inched Down to 48.7% in May
Tempe, AZ, June 3, 2024—The Manufacturing PMI registered 48.7% in May, down 0.5 percentage point from the 49.2% recorded in April, according to the latest ISM Report On Business.
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.
Merola Tile Distributors Acquires Pan American Ceramics
Manalapan Township, NJ, June 3, 2024—Merola Tile Distributors of America has acquired Pan American Ceramics.
Len Andolino Forms Andolino Management Group
Dalton, GA and Toms River, NJ, June 3, 2024-Len Andolino, a 40-year industry veteran, has re-established Andolino Management Group with a focus on the high-end decorative flooring industry.
Advanced Flooring Technology Opens Training Facility in Ft. Worth
Ft. Worth, TX, June 3, 2024—Advanced Flooring Technology (AFT) has announced the opening of a new training facility for floorcovering installers in Ft. Worth, Texas.
HMTX Announces Promotions for Smith & Zurn
Norwalk, CT, June 3, 2024-- Natalia Smith has been promoted to senior director, commercial design for HMTX, and Jay Zurn has been promoted to senior director, technical services.
Apartment Absorption Rates Declined in Q4 2023
Charlotte, NC, June 3, 2024—"According to the Census Bureau's Survey of Market Absorption of New Multifamily Units, 42% of the 91,060 unsubsidized apartments completed in Q4 2023 were absorbed (aka rented) within the first three months following project completion,” reports Truist.
Hallmark Floors Forms Distribution Partnership with Diamond W
Ontario, CA, June 3, 2024—Hallmark Floors, a provider of flooring solutions, has announced that Diamond W Flooring has been appointed as a full-line distributor of all Hallmark products, effective immediately.
$1 Trillion in Commercial Real Estate Debt to Come Due in 2 Years
Charlotte, NC, June 3, 2024-"The Conference Board is raising the alarm on commercial real estate noting that the worst is yet to come for the industry,” reports Truist.
Versatrim Announces Partnership with Fittes
Henderson, NC, June 3, 2024-Versatrim, a provider of floor molding products and resources for residential and commercial projects, has announced a partnership with Fittes.
Personal Income Rose 0.3% in April, Spending Up 0.2%
Washington, DC, May 31, 2024-Personal income increased $65.3 billion (0.3% at a monthly rate) in April, according to estimates released by the Bureau of Economic Analysis.