Floors & More Announces Summer Convention Details
Auburn, MA, June 17, 2022—The Floors & More 2022 annual summer convention will take place in Austin, Texas at the Marriott South from July 31 to August 2.
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.
Housing Starts Declined 14.4% in May
Washington, DC, June 16, 2022—Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,549,000, 14.4% below the revised April estimate of 1,810,000 and 3.5% below the May 2021 rate of 1,605,000, according to the U.S. Census Bureau.
AdvanSix Announces Price Increase on Nylon 6 & 6/66
Chattanooga, TN, June 16, 2022—Due to increases in raw materials prices and continued demand for nylon 6, 6/66 and nylon 6 intermediates, AdvanSix will increase the prices in the Americas of caprolactam, Aegis nylon 6 and nylon 6/66 copolymer resins by $0.20/pound, effective July 1 or as contracts allow.
Initial Jobless Claims Declined by 3,000 in Week Ending June 11
Washington, DC, June 16, 2022—In the week ending June 11, the advance figure for seasonally adjusted initial claims was 229,000, a decrease of 3,000 from the previous week's revised level, according to the Department of Labor.
Wm. T. Burnett & Co. Acquires Flex Foam
Baltimore, MD, June 16, 2022—Wm. T. Burnett & Co., headquartered in Baltimore, Maryland, has acquired Flex Foam, the first polyurethane foam manufacturer in Arizona. Financial details of the transaction were not disclosed.
Galleher Announces Partnership with Building Homes for Heroes
Santa Fe Springs, CA, June 16, 2022—Flooring distributor Galleher announced a partnership with Building Homes for Heroes, a national non-profit organization that recognizes the sacrifices of men and women of the U.S. Armed Forces by supporting the needs of severely wounded or disabled soldiers and their families.
May Retail Sales Declined 0.3% from April, Up 8.1% YOY
Washington, DC, June 15, 2022—Advance estimates of U.S. retail and food services sales for May 2022 were $672.9 billion, a decrease of 0.3% from the previous month but 8.1% above May 2021, according to the U.S. Census Bureau.
Mohawk's Lorberbaum Named Honorary Knight by Belgium Princess
Atlanta, GA, June 14, 2022- On June 6, Her Royal Highness Princess Astrid of Belgium visited Atlanta to confer upon Mohawk chairman and chief executive officer Jeff Lorberbaum the honorary title of knight commander of the Order of the Crown.
Bid Deadline for Armstrong Assets Pushed Back Until June 23
Lancaster, PA, June 14, 2022--Armstrong's bid deadline for North American assets has been extended from June 14 until June 23.
Builder Confidence in Housing Market Declined 2 Points to 67 in June
Washington, DC, June 15, 2022—In a troubling sign for the housing market, builder confidence in the market for newly built single-family homes posted its sixth straight monthly decline in June, falling two points to 67, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released.