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.
Charlotte, NC, August 21, 2023—"Ceramic Imports Showed a Modest Decline: Overall ceramic unit imports decreased 5.2% year over year (y/y), moderating from sharper declines earlier in the year, for units down 6.1% year- to-date. After a roughly flat result last month, Mexico showed a notable decline, down 19.9% y/y, but up 5.8% year-to-date,” reports Truist.
Salem, NJ, August 21, 2023—Mannington Mills announced that Quentin Quathamer will be joining the organization as director of residential carpet.
Fredericksburg, VA, August 21, 2023-Fishman Flooring Solutions has opened a new location in Fredericksburg, Virginia.
Dalton, GA, August 18, 2023—The Dixie Group (TDG) announced that for orders placed on September 18, all TDG customer accounts will move to standard payment terms of net 30 days.
Roanoke, VA, August 18, 2023-Tom Sullivan has rescinded his bid to acquire LL Flooring, the company he founded, which was formerly known as LL Flooring.
Washington, DC, August 18, 2023—Confidence in the market for new multifamily housing was in positive territory for Q2, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB).
Washington, DC, August 18, 2023—"The average mortgage rate rose to 7.09%, its highest level in more than 20 years, according to data released Thursday by mortgage giant Freddie Mac,” according to the Wall Street Journal.
Dalton, GA, August 18, 2023-Kaleen is updating its product offering and service options starting fall 2023 to focus on four key segments: customization, carpets/broadloom, Luxe collection and handmade soft flooring goods.
New York, NY, August 17, 2023—"Most Federal Reserve officials backed an increase in interest rates last month but some saw rising risks that they might raise rates too high, underscoring growing caution about further increases,” reports the Wall Street
Washington, DC, August 17, 2023—In the week ending August 12, the advance figure for seasonally adjusted initial claims was 239,000, a decrease of 11,000 from the previous week's revised level, according to the Department of Labor.