Couristan Announces Price Increase on Premiere, Purity & Creations
Fort Lee, NJ, April 17, 2024—Effective May 1, Couristan will increase prices 5% on its Premiere and Purity products and 10% on its Creations products.
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.
Construction Backlog Indicator Inched Up to 8.2 Months in March
Washington, DC, April 17, 2024—Associated Builders and Contractors reported that its Construction Backlog Indicator increased to 8.2 months in March from 8.1 months in February, according to an ABC member survey conducted March 20 to April 3. The reading is down 0.5 months from March 2023.
Economists Raising Expectations for U.S. Economy
New York, NY, April 17, 2024—"The Wall Street Journal’s latest quarterly survey of business and academic economists shows forecasters ratcheting up their expectations for economic growth, inflation and the level of future interest rates.
2025 Southwest Flooring Market Moving to Arlington, Texas
Atlanta, GA, April 17, 2024—The Southwest Flooring Market is moving to the Arlington Convention Center in Arlington, Texas for the 2025
Mortgage Applications Rose 3.3% in Week Ending April 12
Washington, DC, April 17, 2024-Mortgage applications increased 3.3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 12, 2024.
Milan Design Week Underway Now in Italy
Milan, IT, April 17, 2024—Milan Design Week is underway now in Milan, Italy.
Arizona Tile Announces Three Executive Promotions
San Diego, CA, April 17, 2024—Arizona Tile has announced the following promotions and additions to its executive management team.
Housing Starts Declined 14.7% in March, Down 4.3% YOY
Washington, DC, April 16, 2024- Privately-owned housing starts in March were at a seasonally adjusted annual rate of 1,321,000, 14.7% below the revised February estimate of 1,549,000 and is 4.3% below the March 2023 rate of 1,380,000, according to the U.S. Census Bureau.
Industrial Production Rose 0.4% in March
Washington, DC, April 16, 2024—Industrial production rose 0.4% in March but declined at an annual rate of 1.8% in Q1, according to the Federal Reserve.
CP Build Acquires Precision Carpentry and Design
Salt Lake City, April 16, 2024—CP Build Enterprises, an interior subcontractor specializing in large multi-family and commercial projects, announced the acquisition of Precision Carpentry and Design, based in Phoenix, Arizona.