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.
Trenton, NJ, July 14, 2020-Congoleum-one of America's oldest resilient flooring manufacturers, founded in 1886-has initiated voluntary reorganization proceedings in the district of New Jersey under Chapter 11 of the U.S. Bankruptcy Code.
Chattanooga, TN, July 15, 2020-"Federal prosecutors have issued subpoenas to Mohawk Industries and its CEO Jeff Lorberbaum in an investigation of claims that the company improperly inflated sales and profits,” reports the Chattanooga Times Free Press.
Chattanooga, TN, July 15, 2020—Alliance Flooring announces its first ever virtual buying and networking event that kicks off on July 27.
Washington, DC, July 15, 2020-The National Association of Home Builders (NAHB) and the National Association of Realtors have launched a new joint initiative, Home Performance Counts, designed to help consumers better understand the rapidly growing high-performance home marketplace – homes that prioritize comfort, durability, wellness and affordability.
Washington, DC, July 15, 2020—Total industrial production rose 5.4% in June after increasing 1.4% in May; even so, it remained 10.9% below its pre-pandemic February level, according to the Federal Reserve.
Washington, DC, July 15, 2020—The price index for U.S. imports rose 1.4% in June, the U.S. Bureau of Labor Statistics reported, following a 0.8% increase in May.
Washington, DC, July 15, 2020—Mortgage applications increased 5.1% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending July 10.
Norwalk, CT, July 15, 2020-Jeff Collum, president of Teknoflor, announced that Ellie Priester has been promoted to vice president of marketing—commercial, The Americas from her present position as director of marketing.
Oak Brook, IL, July 14, 2020-David Kolb, 81, former CEO and chairman of the board for Mohawk, died April 2.
Washington, DC, July 14, 2020-The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6% in June on a seasonally adjusted basis after falling 0.1% in May, the U.S. Bureau of Labor Statistics reported.