Private Sector Employment Rose by 174K in January
Roseland, NJ, February 3, 2021—Private sector employment increased by 174,000 jobs from December to January, according to the January ADP National Employment Report.
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.
Commercial & Multifamily Mortgage Delinquencies Decreased in Jan.
Washington, DC, February 3, 2021-Delinquency rates for mortgages backed by commercial and multifamily properties decreased in January, according to the Mortgage Bankers Association's (MBA) latest monthly MBA CREF Loan Performance Survey.
Flooring Companies Included Among NAHB Best of IBSx Nominees
Washington, DC, February 3, 2021—The National Association of Home Builders (NAHB) announced the finalists for its inaugural Best of IBSx Awards for the 2021 NAHB International Builders’ Show virtual experience (IBSx), and two flooring-related companies were among them.
Interior Logic Group Acquired by Blackstone Group
New York, NY, February 2, 2021--Blackstone Group has reached a definitive agreement to acquire Interior Logic Group Holdings from Littlejohn & Co., Platinum Equity and other equity holders, for a total transaction value of approximately $1.6 billion.
Top Ten Homebuilders for 2020 Account for 30% of Marketshare
Washington, DC, February 2, 2021—The National Association of Home Builders (NAHB) released its 2020 top 10 builder listing.
Florim Included on List of Italian Companies with Best Reputation
Fiorano Modenese, IT, February 2, 2021—Florim is among the companies in Italy with the best reputation, according to the "Monitor of Company Reputation" analysis conducted by Ales Market Research.
Home Improvement Trend Creates Opportunity in Flooring Installation
Columbus, OH, February 2, 2021- With home improvement projects on the rise amid the Covid quarantine and demand for skilled labor, including flooring installers, to complete such projects in short supply, Clint Morse, a former cosmetics executive, launched a Footprints Floors franchise in Columbus, Ohio, reports Spectrum News 1.
NWFA Wood Floor Expo & Coverings to be Held Simultaneously in July
St. Louis, MO, February 1, 2021-The National Wood Flooring Association, and the organizers of the Coverings international tile and stone exhibition, have announced that the NWFA’s 2021 Wood Flooring Expo and Coverings 2021 will be held simultaneously, July 7 to 9 in Orlando, Florida at the Orange County Convention Center.
Len Andolino and Pami Bhullar Joining The Dixie Group
Dalton, GA, February 1, 2021-The Dixie Group (TDG) has announced the hiring of Len Andolino and Pami Bhullar, both effective today.
Dec. Construction Spending Rose 1.0% from Nov., 4.7% YOY
Washington, DC, February 1, 2021—Construction spending during December 2020 was estimated at a seasonally adjusted annual rate of $1,490.4 billion, 1.0% above the revised November estimate of $1,475.6 billion, according to the U.S. Census Bureau.