Job Openings Declined to 10.7M in June
Washington, DC, August 2, 2022--The number of job openings decreased to 10.7 million on the last business day of June, a 5% decline from May's 11.3 million, the U.S. Bureau of Labor Statistics reported.
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.
Swiff-Train Restructures to Emphasize Builder/Multifamily Offering
Houston, Texas – Swiff-Train Company (STC) announces a sales personnel restructure to emphasize builder/multifamily service.
Three Top Brands to Open 370 Hotels in 2022
Portsmouth, NH, August 2, 2022-The franchise company leading the United States hotel construction pipeline is Marriott International with 1,355 projects/167,034 rooms, up 4% by projects year-over-year (YOY), according to the Q2 2022 United States Construction Pipeline Trend Report from Lodging Econometrics (LE).
Floor Covering B2B Association Announces Details of Sept. Meeting
Dalton, GA, August 2, 2022-Details of the Floor Covering Business to Business Association (FcB2B), part of WFCA annual meeting have been announced. The event will be held September 19 to 21 at the Embassy Suites Hotel near the Nashville Airport.
Construction Spending Inched Down 1.1% in June
Washington, DC, August 1, 2022—Construction spending during June 2022 was estimated at a seasonally adjusted annual rate of $1,762.3 billion, 1.1% below the revised May estimate of $1,781.9 billion, according to the U.S. Census Bureau.
U.S. Imports of Hardwood Plywood Surge
Washington, DC, August 1, 2022—U.S. imports of hardwood plywood have surged, though the growth rate is slowing overall, reports the Decorative Hardwoods Association.
Manufacturing Index Registered 52.8% in July
Tempe, AZ, August 1, 2022—The July Manufacturing Purchasing Managers Index (PMI) registered 52.8%, down 0.2 percentage point from the reading of 53% in June, say the nation's supply executives in the latest Manufacturing ISM Report On Business.
Armstrong Flooring Pays $1M for Right to Use Armstrong Brand Name
Lancaster, PA, August 1, 2022-In a settlement filed July 29, Armstrong Flooring Inc. (AFI) agreed to pay $1 million to Armstrong World Industries (AWI) for the right to use to the Armstrong brand name.
Mohawk's Q2 Sales Up 7%, Earning Down 17%
Calhoun, GA, July 29, 2022-Mohawk Industries announced Q2 2022 net sales of $3.2 billion, an increase of 7% over Q2 2021’s $3.0 billion. For Q2 2022, net earnings were $280 million, a 17% decline compared to Q2 2021’s $336 million.
Consumer Sentiment Rose 3% to 51.5 in July
Ann Arbor, MI, July 29, 2022—Consumer sentiment rose 3% to 51.5 in July, according to final results from the University of Michigan’s Survey of Consumers.