Productivity Rose 6.6% in Q4
Washington, DC, February 3, 2022—Nonfarm business sector labor productivity increased 6.6% in Q4 2021, the U.S. Bureau of Labor Statistics reported, as output increased 9.2% and hours worked increased 2.4%.
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.
Paceline Equity Completes Acquisition of AHF
Dallas, TX, February 2, 2022—An affiliate of Paceline Equity Partners, a Dallas-based private equity manager, announced it has closed the acquisition of AHF Products, a North American hard surface flooring manufacturer.
Mannington Acquires Georgia Carpet Finishers
Salem, NJ, February 1, 2022-Mannington Mills has acquired Georgia Carpet Finishers, Inc., a supplier of carpet backing to the residential, hospitality and turf industries, as well as high-density polyurethane cushions.
Mortgage Applications Rose 12% in Last Full Week of January
Washington, DC, February 2, 2022—Mortgage applications increased 12.0% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending January 28, 2022.
Private Sector Employment Declined by 301K Jobs in January
Roseland, NJ, February 2, 2022—Private sector employment decreased by 301,000 jobs from December to January, according to the January ADP National Employment Report.
Surfaces 2022 Begins Today in Las Vegas
Las Vegas, NV, February 1, 2022-The International Surface Event (TISE) 2022 begins today at the Mandalay Bay Convention Center in Las Vegas, Nevada, running through February 3.
Floors & More Announces New Partnership with Mobile Marketing
Las Vegas, NV, February 1, 2022--At its winter convention yesterday, Floors & More announced to its 40 member attendees that it is changing vendors for its digital marketing services.
Construction Spending Rose 0.2% in December
Washington, DC, February 1, 2022—Construction spending during December 2021 was estimated at a seasonally adjusted annual rate of $1,639.9 billion, 0.2% above the revised November estimate of $1,636.5 billion, according to the U.S. Census Bureau.
January PMI Declines 1.2 Points to 57.6%
Tempe, AZ, February 1, 2022—The January Manufacturing Purchasing Managers’ Index (PMI) registered 57.6%, a decrease of 1.2 percentage points from the seasonally adjusted December reading of 58.8%, say the nation's supply executives in the latest Manufacturing ISM Report On Business.
Job Openings Virtually Unchanged in December at 10.9 Million
Washington, DC, February 1, 2022—The number of job openings was little changed at 10.9 million on the last business day of December, the U.S. Bureau of Labor Statistics reported.