Gillespie Group Rebrands as TGG Floors
Dayton, NJ, January 6, 2025—Gillespie Group has rebranded as TGG Floors, according to ROI-NJ.com.
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.
National Average Rent Declined Slightly in November
Charlotte, NC, January 6, 2025—"As shown by a recent multi-family rental report from Yardi Matrix, the national average rent fell by about $5 during the month of November,” according to Truist.
Unilin Secures European Patent on Hybrid Core Technology
Waregem, Belgium, January 6, 2025—Unilin Technologies has secured additional patent protection for its hybrid core technology.
Flooring Partners Acquires The Flooring Edge
Baltimore, MD, January 3, 2025-Flooring Partners has acquired Ohio-based independent flooring company The Flooring Edge, which includes the operations doing business as Barrington Carpet & Flooring Design (Green), Carpet Country & Design Center (Twinsburg) and Young’s Floor Covering (Port Clinton).
CalRecycle Approves Assessment Increase
Dalton, GA, January 3, 2025-CalRecyle has approved the assessment increase requested by CARE, effective February 1.
Southwest Flooring Market Opens January 9 in Arlington, Texas
Marietta, GA, January 3, 2025-The Flooring Markets has announced that the Southwest Flooring Market, the first major flooring event of the year, will open next January 9 and run through January 10 at the Loews Arlington Convention Center in Arlington, Texas.
Soft Housing Market Negatively Impacts Many Businesses, Flooring Included
New York, NY, January 3, 2025—"The sputtering U.S. housing market is hurting the businesses that depend on Americans opening their wallets to fix up and furnish their new homes,” reports the Wall Street Journal.
Purchasing Managers' Index Rose to 49.3% in December
Tempe, AZ, January 3, 2025—The Manufacturing Purchasing Managers’ Index (PMI) registered 49.3% in December, 0.9 percentage point higher compared to the 48.4% recorded in November, say the nation's supply executives in the latest Manufacturing ISM Report On Business.
Construction Spending Unchanged in November
Washington, DC, January 2, 2025—Construction spending during November 2024 was estimated at a seasonally adjusted annual rate of $2,152.6 billion, virtually unchanged from the revised October estimate of $2,152.3 billion, according to the U.S. Census Bureau.
Pending Home Sales Rose 2.2% in November
Washington, DC, January 2, 2024—Pending home sales gained 2.2% in November—the fourth consecutive month of increases and the highest level since February 2024—according to the National Association of Realtors.