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.
Washington, DC, June 26, 2024-The American Institute of Architects (AIA) Architecture Billings Index (ABI) score declined to 42.4 in May, as more firms reported a decrease in billings than the month prior.
Washington, DC, June 26, 2024—Sales of new single-family houses in May 2024 were at a seasonally adjusted annual rate of 619,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 11.3% below the revised April rate of 698,000 and 16.5% below the May 2023 estimate of 741,000.
Saddle Brook, NJ, June 26, 2024-Nourison Home has purchased J Mish Mills, a carpet manufacturer that specializes in wool floorcoverings that offer modern, unique and classic designs through applied patterns.
Seattle, WA, June 26, 2024—SCI Flooring, owned by Rainier Partners has announced its second add-on acquisition, Carpetbaggers, Inc.
New York, NY, June 26, 2024—"KKR has completed its largest-ever purchase of apartment buildings, the latest in a string of big-ticket deals, signaling that some of the most prominent investment firms are betting on a broad rebound for multifamily housing,” reports the Wall Street Journal.
Hamburg, DE, June 26, 2024— Container xChange has shared the following update on the container shipping industry:
Washington, DC, June 26, 2024—Mortgage applications increased 0.8% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 21, 2024.
Los Angeles, CA, June 25, 2024—Transom Capital Group, a middle market private equity firm, has acquired Virginia Tile Company.
New York, NY, June 25, 2024—The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6.3% annual gain for April, down from an 8.3% annual increase in the previous month.
Solon, OH, June 25, 2024—Tarkett recently earned international recognition in two creative award competitions—the Hermes Creative Awards and the Viddy Awards.