Q3 GDP Revised Up to 33.4% in Third Estimate
Washington, DC, December 22, 2020-Real gross domestic product (GDP) increased at an annual rate of 33.4% in Q3 2020, according to the third estimate released by the Bureau of Economic Analysis.
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.
Jer-And Acquired by WILsquare Capital's Crown Products
St. Louis, MO, December 22, 2020-WILsquare Capital, a St. Louis-based private equity firm, announced that its portfolio company Crown Products has completed the acquisition of substantially all of the assets of Jer-And, a distributor of flooring and flooring installation solutions based in St. Louis.
Armstrong to Close California Plant After 82 Years of Operation
Lancaster, PA, December 21, 2020-Armstrong Flooring will close its flooring plant near Los Angeles, California in the first quarter, according to Lancaster Today.
Shaw Sports' NXTPlay Earns Cradle to Cradle Certification
Calhoun, GA, December 21, 2020—Shaw Sports Turf announces that its NXTPlay high-performance shock pad product is the first Shaw turf product of any type to be Cradle to Cradle Certified.
Covid Relief Package May Exempt Borrowers from Paying Tax on PPP Loans
New York, NY, December 21, 2020-The new Coronavirus relief bill could clear Paycheck Protection Program (PPP) borrowers from paying tax on their loans.
Congress May Extend Eviction Moratorium As Part of Covid Relief Package
New York, NY, December 21, 2020—"Lawmakers are set to help struggling renters as part of the second $900 billion stimulus package,” reports Marketwatch in “Congress will extend eviction moratorium, fund emergency rent assistance with new stimulus deal” by Jacob Passy.
Horizon Forest Products Acquires Wood Pro & Custom Wholesale
Raleigh, NC, December 18, 2020-Horizon Forest Products is pleased to announce the acquisition of Wood Pro Inc. (Auburn, Massachusetts) and Custom Wholesale (Jacksonville, Florida).
Architecture Billings Index Down 1 Point to 46.3 in November
Washington, DC, December 18, 2020-The pace of decline during November accelerated from October, posting an Architecture Billings Index (ABI) score of 46.3 from 47.5 (any score below 50 indicates a decline in firm billings), according to a new report from the American Institute of Architects (AIA).
The U.S. Economy Poised for Growth in 2021
New York, NY, December 18, 2020-Economist Julia Pollak contends that, after the upheaval of 2020, the U.S. economy is poised for growth next year in “Why the U.S. Economy Will Take Off in 2021.”
Teknoflor Receives C2C Certified Silver for Bio-Polyurethane Flooring
Milwaukee, WI, December 18, 2020-Teknoflor recently received Cradle to Cradle (C2C) Certified Silver v3.1 for its bio-polyurethane flooring from the Cradle to Cradle Products Innovation Institute.