Weekly Jobless Claims Fall to 400,000
Washington, D.C., July 29, 2021—According to the Labor Department, U.S. jobless claims fell last week by 24,000 to 400,000, another sign of the improving job market in the wake of the Covid-driven recession.
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.
Paramount Global Surfaces Expands Management Team
Miami, FL, July 29, 2021— Paramount Global Surfaces, the parent company of Ceramic Technics and Happy Floors, has announced the expansion of its management team.
Brian Murphy Named Director of the International Design Guild
Manchester, NH, July 29, 2021—Brian Murphy, a longtime CCA Global Partners team member, has been named director of the International Design Guild.
Registration Opens for Charity Golf Tournament
Dalton, GA, July 29, 2021-Registration is now open for the annual Alan Greenberg Memorial Golf Tournament, benefiting the Floor Covering Industry Foundation (FCIF).
Consumer Confidence in July Hovers at 17-Month High
Ann Arbor, MI, July 28, 2021—U.S. consumer confidence grew to a reading of 129.1 in July, the highest since February 2020 and up from 128.9 in June.
Home Prices Rose 16.6% in May, Says Case-Shiller
New York, NY, July 28, 2021—U.S. home prices set a record for the second straight month, according to the latest S&P CoreLogic Case-Shiller Home Price Index.
Construction Starts Fell 7% in June
Hamilton Township, NJ, July 28, 2021— Total construction starts fell 7% in June, declining to a seasonally adjusted annual rate of $863.6 billion, according to Dodge Data & Analytics.
Xpress Global Systems Acquires Delta Distribution
Chattanooga, TN, July 28, 2021— Aterian Investment Partners, a private investment firm, through its portfolio company Xpress Global Systems, LLC (XGS), has announced the acquisition of Delta Distribution/Michigan Carpet, a specialized flooring less-than-truckload company headquartered in Grand Rapids, Michigan.
Carpet Collection Gets a Boost
Dalton, GA, July 28, 2021—The California Carpet Stewardship Program, which is run by CARE (Carpet America Recovery Effort), has awarded its first grant to an apprentice and journeyman program under Cycle 4 Micro Grants for Collection/Reuse (Cycle 4M).
Hospitality Market Shows Early Signs of Recovery
Portsmouth, NH, July 27, 2021—According to analysts at Lodging Econometrics (LE), at the end of the Q2 2021, the total U.S. construction pipeline stood at 4,787 projects and 598,111 rooms, down 14% YOY from 5,582 projects and 687,801 rooms in Q2 2020.