Consumer Sentiment Rose 3.3% to 79.4 in March
Ann Arbor, MI, March 28, 2024—Consumer sentiment rose 3.3% to 79.4 in March, according to final results from the University of Michigan Survey of Consumers.
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.
Guang Tai Wins SPC Trademark Case Against Kolay's David Mitchell
San Diego, CA, May 28, 2024--Guang Tai He Import Export, Inc., a Maryland-based flooring company, has secured a permanent injunction from the United States District Court for the Central District of California over Daniel Mitchell, is CEO and founder of Kolay Flooring over the term “SPC.”
IVC Commercial Rebranded as Mohawk Group EMEA
Dalton, GA, March 28, 2024-IVC Commercial Carpet Tiles is becoming Mohawk Group EMEA, continuing a legacy of products designed and made in Belgium.
Pending Home Sales Rose 1.6% in February
Washington, DC, March 28, 2024-The Pending Home Sales Index rose 1.6% to 75.6 in February, according to the National Association of Realtors.
Q4 GDP Increased to 3.4% in Third Estimate
Washington, DC, March 28, 2024-Real gross domestic product (GDP) increased at an annual rate of 3.4% in Q4 2023, according to the third estimate released by the Bureau of Economic Analysis.
Initial Jobless Claims Declined by 2,000 in Week Ending March 23
Washington, DC, March 28, 2024-In the week ending March 23, the advance figure for seasonally adjusted initial claims was 210,000, a decrease of 2,000 from the previous week's revised level, according to the Department of Labor.
Nashville Suburb One The South's Most Costly Residential Communities
New York, NY, March 28, 2024—"Just south of Nashville in Middle Tennessee is Williamson County, home to famous musicians and others in the music business. The county has a handful of communities, from bigger cities, like its hub, Franklin, with about 86,000 people, to smaller unincorporated areas with populations in the hundreds,” reports the Wall Street Journal.
Mortgage Applications Declined 0.7% in Week Ending March 22
Washington, DC, March 27, 2024-Mortgage applications decreased 0.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 22, 2024.
CARE Offers Assistance to Recyclers
Dalton, GA, March 27, 2024-Due to the impact of difficult market conditions on the economics of recycling, CARE has taken the following actions to help its carpet recyclers:
CalRecycle Names New Carpet Advisory Committee Members
Sacramento, CA, March 27, 2024--The Carpet Stewardship Law requires the director of CalRecycle to appoint a carpet advisory committee.