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.

Diverzify Adds Apex Group & Corporate Floors

Diverzify Adds Apex Group & Corporate Floors

Atlanta, GA, July 10, 2023-Diverzify, which specializes in commercial flooring installation and interior services, has announced that Apex Group and Corporate Floors have officially joined Diverzify’s network of brands, effectively elevating the enterprise’s surface care and facility services to a national offering available at all of Diverzify’s 50+ locations.

Residential Rent Rates Declined 1% YOY in May

Residential Rent Rates Declined 1% YOY in May

Washington, DC, July 10, 2023-Nationwide, rents declined 1% from a year earlier in May-the largest drop since 2020- as a building boom increased supply and economic uncertainty cooled demand, reports Redfin.

Average U.S. Mortgage Rate Hits Highest Level Since November

Average U.S. Mortgage Rate Hits Highest Level Since November

New York, NY, July 7, 2023-"The average long-term U.S. mortgage rate climbed to a new high for the year this week, pushing up borrowing costs for homebuyers already facing heightened competition in a housing market short on homes,” reports the Associated Press.

Private Sector Employment Grew by 497,000 Jobs in June

Private Sector Employment Grew by 497,000 Jobs in June

Roseland, NJ, July 6, 2023—Private sector employment increased by 497,000 jobs in June, and annual pay was up 6.4% year-over-year, according to the June ADP National Employment Report produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab.