Doug Davis, Former President of ADG, Has Died
Dallas, TX, March 18, 2023-Doug Davis, former president and COO of Artisan Design Group (ADG), died March 15.
Today's Flooring News
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Austin, Texas's Red-Hot Housing Market is Cooling
New York, NY, March 18, 2024-"The Sunbelt city that came to symbolize the pandemic housing boom is now leading a national property cool-down,” reports the Wall Street Journal.
Kennedy Named Chairman of Interface Board, Succeeding Hendrix
Atlanta, GA, March 15, 2024— On March 12, Christopher G. Kennedy was appointed chairman of the company’s board of directors.
U.S. Housing Market Short 7.2 Million Homes
Washington, DC, March 1, 2024-U.S. housing markets continue to struggle with a growing shortage of new homes, the result of more than a decade of under-building relative to population growth, reports Realtor.com.
NAR Settlement to Change How Americans Buy & Sell Homes
Washington, DC, March 15, 2024-"The National Association of Realtors has reached a nationwide settlement of claims that the industry conspired to keep agent commissions high, it said Friday, a deal set to usher in the biggest changes to how Americans buy and sell homes in decades,” reports the Wall Street Journal.
Consumer Sentiment Virtually Unchanged in Early March
Ann Arbor, MI, March 15, 2024—Consumer sentiment declined 0.5% to 76.5 in early March, according to preliminary results from the University of Michigan Survey of Consumers.
Industrial Production Rose 0.1% in February
Washington, DC, March 15, 2024—Industrial production edged up 0.1% in February after declining 0.5% in January, according to the Federal Reserve.
Besse Forest Products Acquired by Hoffman Family of Companies
Gladstone, MI, March 15, 2024—The Ho?mann Family of Companies (HFOC) announces its acquisition of Besse Forest Products Group, a longstanding, family-run company in the wood products manufacturing business, reports Hardwood Magazine.
Import Prices Rose 0.3% in February, Export Prices Up 0.8%
Washington, DC, March 15, 2024—U.S. import prices rose 0.3% in February, after advancing 0.8% in January, the U.S. Bureau of Labor Statistics reported.
Retail Sales Rose 0.6% in February
Washington, DC, March 14, 2024-Advance estimates of U.S. retail and food services sales for February 2024 were $700.7 billion, up 0.6% from the previous month and up 1.5% above February 2023, according to the U.S. Census Bureau.