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.
Washington, DC, August 23, 2024—Sales of new single-family houses in July 2024 were at a seasonally adjusted annual rate of 739,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development, 10.6% above the revised June rate of 668,000 and 5.6% above the July 2023 estimate of 700,000.
Seoul, Korea, August 23, 2024-"Seoul-based private equity firm STIC Investments has agreed to acquire global leading luxury vinyl tile (LVT) flooring firm Nox Corp. at 450 billion won ($336 million) from U.S. alternative investment manager TPG Inc.,” reports The Korea Economic Daily.
Bedford, MA, August 23, 2024—Total construction starts moved 10% higher in July to a seasonally adjusted annual rate of $1.1 trillion, according to Dodge Construction Network.
New York, NY, August 23, 2024-On August 21, The Wall Street Journal posted an article entitled, “The Return of Wall-to-Wall Carpet: Why Americans Want This Soothing Luxury Now” by Antonia van der Meer.
Sterling, VA, August 23, 2024—In the first half of 2024, U.S. imports of hardwood plywood outpaced 2023 by 32%, according to the Decorative Hardwoods Association.
Atlanta, GA, August 23, 2024-Interface announced its inclusion as one of the top-ranked sustainability leaders in the Sustainability Leaders 2024 Survey by GlobeScan and the ERM Sustainability Institute.
Calhoun, GA, August 23, 2024—Mohawk is providing comfort for a cure during the 2024 Susan G. Komen 3-Day Series.
Washington, DC, August 22, 2024-Total existing-home sales ascended 1.3% from June to a seasonally adjusted annual rate of 3.95 million in July, according to the National Association of Realtors.
New York, NY, August 22, 2024—Both Shaw and Mohawk were named Best-In-State Employers for the state of Georgia by Forbes
Washington, DC, August 22, 2024—As a result of limited resale inventory and measures by home builders to increase housing affordability, the median price on an existing home in the United States during the second quarter of 2024 was higher than that of a new home.