Personal Income Rose 0.8% in February, Spending Up 0.4%
Washington, DC, March 28, 2025—Personal income increased $194.7 billion (0.8% at a monthly rate) in February, according to estimates released by the U.S. 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.
Consumer Sentiment Declined 11.9% in March
Ann Arbor, MI, March 28, 2025—Consumer sentiment declined 11.9% to 57 in March, according to final results from the University of Michigan Survey of Consumers.
CB Flooring Expanding to Raleigh Market
Raleigh, NC, March 28, 2025-CB Flooring is expanding to Raleigh, North Carolina.
Wellmade's Cartersville Facility Raided by FBI for Labor Trafficking
Cartersville, GA, March 27, 2025—"FBI Atlanta raided Wellmade Industries, a flooring manufacturing company in Cartersville,” reports Fox 5 Atlanta.
Rogg to Lead New HMTX Business Unit, Driving Metroflor & Teknoflor
Norwalk, CT, March 27, 2025-HMTX, a global flooring manufacturer, has announced the growth-focused re-alignment of its Metroflor and Teknoflor teams under a newly formed contract and trade business unit.
Pending Home Sales Up 2% to 72 in February
Washington, DC, March 27, 2025—The Pending Home Sales Index (PHSI)—a forward-looking indicator of home sales based on contract signings—grew 2.0% to 72.0 in February, according to the National Association of Realtors.
Evolutions Flooring Owners Pay Fine on False Claims Act Allegations
Los Angeles, CA, March 27, 2025-Evolutions Flooring, a South San Francisco, California based importer of multilayered wood flooring, and its owners, Mengya Lin and Jin Qian, have agreed to resolve allegations that they violated the False Claims Act by knowingly and improperly evading customs duties on imports of multilayered wood flooring from the People’s Republic of China (PRC).
Tarkett Forms Partnership with Avery Automats, Using Reclaimed LVT
Solon, OH, March 27, 2025—Tarkett found its creative solution for reclaimed LVT in a unique partnership with Avery Automats, a manufacturer of automotive carpet and all-weather floor mats located in Dalton, Georgia.
Q4 GDP Estimate Increased Slightly to 2.4% in Third Estimate
Washington, DC, March 27, 2025-Real gross domestic product (GDP) increased at an annual rate of 2.4% in Q4 2024 (October, November, and December), according to the third estimate released by the U.S. Bureau of Economic Analysis.
CTDA Holds Strategic Planning Meeting
Glen Ellyn, IL March 27, 2025—The Ceramic Tile Distributors Association (CTDA), an international association of independent distributors, manufacturers and allied professionals of ceramic tile and related products, has concluded a comprehensive strategic planning meeting, setting a direction for the organization’s future.