Weak Dollar, Price of PVC & Freight Surcharges Push Cost of Chinese Flooring Imports to All-Time High
Chattanooga, TN, December 10, 2020-The cost of importing LVT from China, where the bulk of product is manufactured, has reached an all-time high.
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.
Anderson Tuftex Announces Strategy Following Lowe's Stainmaster Acquisition
Dalton, GA, May 4, 2021-Shaw Industries' Anderson Tuftex (A/T) premium brand, announces response to recent news on the sale of the Stainmaster brand.
Construction Starts Rose 2% in March
Hamilton, NJ, May 4, 2021-Total construction starts rose 2% in March to a seasonally adjusted annual rate of $825.3 billion, according to Dodge Data & Analytics.
Abel Named Buffett's Successor as CEO of Berkshire Hathaway
New York, NY, May 4, 2021—Berkshire Hathaway chief executive Warren Buffett is to be succeeded as CEO by vice chairman Greg Abel, reports the Wall Street Journal.
Orders for Manufactured Goods Rose 1.1% in March
Washington, DC, May 4, 2021—New orders for manufactured goods in March, up ten of the last eleven months, increased $5.8 billion or 1.1 percent to $512.9 billion, the U.S. Census Bureau reported. This followed a 0.5% February decrease.
Goods & Services Deficit Expanded by $3.9 Billion in March
Washington, DC, May 4, 2021-The goods and services deficit was $74.4 billion in March, up $3.9 billion from $70.5 billion in February, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.
Mohawk and Engineered Floors Announce Price Increases
Chattanooga, TN, May 3, 2021—Mohawk and Engineered Floors have announced price increases.
Taylor Adhesives Acquires Frontier Products
Dalton, GA, May 3, 2021—Taylor Adhesives announces that its parent company Meridian Adhesive Group has acquired Frontier Products of Alvarado, Texas.
Construction Spending Inched Up 0.2% in March
Washington, DC, May 3, 2021—Construction spending during March 2021 was estimated at a seasonally adjusted annual rate of $1,513.1 billion, 0.2% above the revised February estimate of $1,509.9 billion, according to the U.S. Census Bureau.
AIA Names Recipients of 2021 Architecture Awards
Washington, DC, May 3, 2021—The American Institute of Architects (AIA) is recognizing ten projects with its 2021 Architecture Awards.