Hoteliers Note Emerging "Bleisure" Movement
Smithtown NY, May 25, 2022—The “bleisure” movement is impacting the hospitality movement, altering demand schedules and the amenities guests require while at properties, reports Hotel Interactive.
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.
New Home Sales Declined 16.6% in April
Washington, DC, May 24, 2022—Sales of new single-family houses in April 2022 were at a seasonally adjusted annual rate of 591,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 16.6% below the revised March rate of 709,000 and is 26.9% below the April 2021 estimate of 809,000.
AIA Supplements Its Guides for Equitable Practice
Washington, DC, May 24, 2022—The American Institute of Architects (AIA), in partnership with the University of Washington and the University of Minnesota, has published a new supplementary edition of the Guides for Equitable Practice, titled “Justice in the Built Environment.”
Armstrong Seeks to End All Post-Employment Benefits
Lancaster, PA, May 24, 2022-Armstrong Flooring, which filed for bankruptcy on May 9, hopes to unload debt by eliminating post-employment benefits, reports Lancaster Online.
National Retail Federation Encourages Biden to Remove Chinese Tariffs
Washington, DC, May 23, 2022-The National Retail Federation penned a letter to President Biden this week urging for a reduction or elimination of Chinese tariffs, reports Furniture Today.
Torlys Once Again Named a Great Place to Work
Toronto, ON, May 23, 2022—Torlys has once again been certified as a Great Place to Work after a thorough, independent analysis conducted by Great Place to Work Institute Canada.
Key Dates in Armstrong Bankruptcy Proceeding Announced
Lancaster, PA, May 20, 2022- The sale process for Armstrong Flooring will be set in a crucial bankruptcy hearing coming next week as the flooring manufacturer tries to address $317.8 million in total debt, including $160.5 million in long-term secured debt, reports Lancaster Online.
GDP Growth to Slow, Recession Not Expected, Says Conference Board
Washington, DC, May 20, 2022-After expanding by 5.9% in 2021, The Conference Board expects global economic growth to slow to 2.9% this year, representing a downgrade of 1.0 percentage point from the February global economic outlook.
Confidence In Multifamily Market Declined in Q1
Washington, DC, May 20, 2022—Confidence in the market for new multifamily housing turned downward in Q1 2022, according to results from the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB).
Great Northern Expands Reach in Northeast
Buffalo, NY, May 20, 2022-Great Northern Associates, a wholesale distributor of floorcoverings and installation supplies, has expanded its distribution reach and will now be able to supply its products and services to clients within the Western/Central New York, New England as well as New York/New Jersey-Metro markets.