Orders for Manufactured Goods Rose 0.5% in March
Washington, DC, April 26, 2021—New orders for manufactured durable goods in March increased $1.4 billion or 0.5% to $256.3 billion, the U.S. Census Bureau announced.
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.
Starnet Announces New Board Officers & BOD Members
Columbus, OH, April 23, 2021-On April 22, Starnet Worldwide Commercial Flooring Partnership held a virtual shareholder meeting for its voting stockholders of record.
March New Home Sales Up 20.7% from February, 66.8% YOY
Washington, DC, April 23, 2021—Sales of new single-family houses in March 2021 were at a seasonally adjusted annual rate of 1,021,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 20.7% above the revised February rate of 846,000 and is 66.8% above the March 2020 estimate of 612,000.
Mohawk Expands Carpet Recycling Program into Residential Market
Calhoun, GA, April 23, 2021-Mohawk Industries announces that the ReCover Carpet Recycling Program will expand into the residential market.
Jeffrey Court Names Ryan Smith Director of Commercial Sales
Norco, CA, April 23, 2021-Jeffrey Court has announced the addition of director of commercial sales, Ryan Smith.
Armstrong Reports 7.4% Increase in Net Sales for Q1 2021 (Revised)
Lancaster, PA, April 22, 2021–Armstrong Flooring reported net sales of $148.9 million for Q1 2021, an increase of 7.4% over Q1 2020’s $138.7 million.
Laticrete Rolls Out ProjectSafety Initiative
Bethany, CT, April 23, 2021—Laticrete has developed ProjectSafety, a company-wide initiative to bring health and safety information, as well as safer products.
Lowe’s Buys Stainmaster Brand from Invista
Mooresville, N.C., April 22, 2021–Lowe’s announced today its acquisition of the 35-year-old Stainmaster brand, the most recognized carpet brand. The Stainmaster brand first rose to fame in the market thanks to an unprecedented $85 million, three-year advertising campaign by DuPont that started in 1986.
Existing-Home Sales Decreased 3.7% in March
Washington, D.C., April 22, 2021–Total existing-home sales decreased 3.7% from February to a seasonally adjusted annual rate of 6.01 million in March, according to the National Association of Realtors. Sales overall climbed year over year, up 12.3% from a year ago (5.35 million in March 2020).
Jobless Claims Decreased by 39K to 547K in Third Week of April
Washington, D.C., April 22, 2021–In the week ending April 17, the advance figure for seasonally adjusted initial claims was 547,000, a decrease of 39,000 from the previous week's revised level, according to the Department of Labor.