Lowe's to Acquire Foundation Building Materials
Mooresville, NC, August 21, 2025-Lowe's has entered into a definitive agreement to acquire Foundation Building Materials (FBM) for approximately $8.8 billion.
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Initial Jobless Claims Rose by 11,000 in Week Ending August 16
Washington, DC, August 21, 2025—In the week ending August 16, the advance figure for seasonally adjusted initial claims was 235,000, an increase of 11,000 from the previous week's unrevised level of 224,000, according to the Department of Labor.
Architecture Billings Index Declined to 46.2 in July
Washington, DC, August 20, 2025—The AIA/Deltek Architecture Billings Index (ABI) continues to weaken posting a score of 46.2 for July, down from 46.8 in June, indicating that a majority of firms are still experiencing declining firm billings.
Lowe's Q2 Sales Up 1.7%, Comp Sales Up 1.1%
Mooresville, NC, August 20, 2025-Lowe's reported sales for Q2 2025 were $24.0 billion, a 1.7% increase compared to sales of $23.6 billion in the prior-year quarter. Comparable sales for the quarter increased 1.1%.
Shaw Implements 8% Price Increase on Imports Due to Tariffs
Dalton, GA, August 20, 2025-Beginning with orders on September 8 and shipments on September 22, Shaw will implement an average of 8% price increase on products impacted by the reciprocal tariffs announced on July 31.
Mortgage Applications Declined 1.4% in Week Ending August 15
Washington, DC, August 20, 2025—Mortgage applications decreased 1.4% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 15, 2025.
AHF Releases 2024-2025 Sustainability Report
Mountville, PA, August 20, 2025—AHF Products, a North American manufacturer of hard surface flooring, announces the release of its sustainability report, marking a milestone in the company’s journey toward transparency, accountability, and environmental progress.
Coverings Slated for March 30 to April 2 in Las Vegas
Las Vegas, NV, August 20, 2025––Coverings 2026 will take place March 30 to April 2, 2026, at the Las Vegas Convention Center in Las Vegas, Nevada.
QFloors Celebrates 25 Years with Conference Cruise
Juneau, AK, August 20, 2025—QFloors founders and customers are celebrating the technology company’s 25th anniversary with a users’ conference, August 16 – 23, sailing on Holland America’s Koningsdam, a seven-day Alaskan cruise.
Sherlock’s Carpet & Tile Celebrating 50 Years of Business
Orland Park, IL, August 20, 2025-Sherlock’s Carpet & Tile of Orland, Illinois is celebrating 50 years of business, reports The Beverly Review.