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, September 5, 2023—Rising mortgage rates and elevated construction costs have taken a toll on the pace of single-family construction in markets across the nation, with the slowdown most pronounced in large metro areas.
Washington, DC, September 5, 2023—New orders for manufactured goods in July, down following four consecutive monthly increases, decreased $12.7 billion or 2.1% to $579.4 billion, the U.S. Census Bureau reported.
Dallas, TX, September 5, 2023-Artisan Design Group, a portfolio company of The Sterling Group, announced the acquisition of KB Kitchen & Bath.
Dalton, GA, September 5, 2023—The Dixie Group has announced the addition of Mike Johnson to the organization as vice president of national accounts, where he will lead the business with the buying groups and other national accounts.
Charlotte, NC, September 5, 2023—“The market for doors, windows, and hardware has been challenged by the recent housing slowdown,” reports Truist Securities.
Washington, DC, September 1, 2023—Construction spending during July 2023 was estimated at a seasonally adjusted annual rate of $1,972.6 billion, 0.7% above the revised June estimate of $1,958.9 billion, according to the U.S. Census Bureau.
Orlando FL, September 1, 2023-MSI International plans to build a warehouse in Orlando, Florida, reports the Orlando Business Journal.
Tempe, AZ, September 1, 2023—The August Manufacturing Purchasing Managers’ Index (PMI) registered 47.6%, 1.2 percentage points higher than the 46.4% recorded in July, according to the Manufacturing ISM Report On Business.
Washington, DC, September 1, 2023—Total nonfarm payroll employment increased by 187,000 in August, and the unemployment rate rose to 3.8%, the U.S. Bureau of Labor Statistics reported.
Washington, DC, August 31, 2023-Personal income increased $45.0 billion (0.2% at a monthly rate) in July, according to estimates released by the Bureau of Economic Analysis.