Shaw to Shutter Clinton, SC Engineered Hardwood Plant
Clinton, SC, June 25, 2019-Shaw Industries will close its Clinton, South Carolina engineered hardwood flooring plant on August 24, according to WSPA.
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.
Herregan Announces Promotions and New Hire
Eagan, MN, June 25, 2019—Following the retirement of Ken Herriges, CEO of Herregan, announced in May, the company has announced the following promotions and hires.
Lack of Housing Production Pushing Up Prices & Rent Costs
Cambridge, MA, June 25, 2019-With the nation’s economy on sound footing and incomes on the rise, the number of people forming households in the United States has finally returned to a more normal pace.
Metroflor Schedules Fundraiser Supporting Addiction Crisis Charity
Calhoun, GA, June 25, 2019—The Halstead/Metroflor Addiction Crisis Team (HMAC)—a nonprofit organization with a mission to raise funds for combating the addiction epidemic nationwide—is holding a fundraising event called “The Path to Resilience.”
Engineered Floors Partnering with Roomvo for Visualizer Tech.
Dalton, GA, June 25, 2019-Engineered Floors and Roomvo have partnered together to provide flooring dealers with visualizer technology.
Armstrong Spends $50M to Buy Back 17.3% of Shares in Dutch Auction
Lancaster, PA, June 24, 2019-Armstrong Flooring announced the final results of its modified “Dutch auction” self-tender offer to repurchase up to $50,000,000 in cash of its common stock, which expired at 12:00 a.m., New York City time, at the end of June 14, 2019.
Shaw & EF Among Georgia's Best Employers, Says Forbes
New York, NY, June 24, 2019—Forbes has released its list of America’s Best Employers by State.
Couristan Releases 2019 Trend Report
Fort Lee, NJ, June 24, 2019-Couristan has released its 2019 annual trend report.
Existing-Home Sales Rose 2.5% in May
Washington, DC, June 21, 2019—Total existing-home sales jumped 2.5% from April to a seasonally adjusted annual rate of 5.34 million in May, according to the National Association of Realtors. Total sales, however, are down 1.1% from a year ago (5.40 million in May 2018).
Investor Home Purchases at All-Time High, Says WSJ
New York, NY, June 21, 2019—The share of investor purchases of U.S. homes have climbed to an all-time high, a sign that rising home prices have done little to dampen demand for flipping homes or turning them into single-family rentals, reports The Wall Street Journal.