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, March 6, 2024-Led by larger urban metro markets, single-family growth rates are showing signs of a turnaround as moderating mortgage rates and a lack of existing inventory are contributing to a gradual upward trend, according to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for Q4 2023.
Washington, DC, March 6, 2024—The number of job openings changed little at 8.9 million on the last business day of January, the U.S. Bureau of Labor Statistics reported.
Washington, DC, March 6, 2024—Mortgage applications increased 9.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 1, 2024.
Chicago, IL, March 6, 2024—Commercial furniture maker Steelcase will establish a Chicago presence at Fulton Market.
Phoenix, AZ, March 5, 2024-Fuse Commercial Flooring Alliance celebrated a night of recognition and achievement during its annual conference in Phoenix, which boasted a record-breaking attendance of 460, a 30% increase from the 2023 conference.
Paris, France, March 5, 2024-Tarkett reported revenue in Q4 2023 declined 2.4% compared to 2022 due to unfavorable currency effects, but organic growth of 4.1% driven mainly by strong activity in the sports segment.
Waregem, Belgium, March 5, 2024-Bentley Mills' parent company, Belysse, reported that Bentley’s Q4 revenue was 37.5 million Euros, down 18% versus Q4 2022, while the adjusted EBITDA margin for Q4 2023 was increased from to 18.4% from 16.4%.
Washington, DC, March 5, 2024—New orders for manufactured goods in January, down three of the last four months, decreased $21.5 billion or 3.6% to $569.7 billion, the U.S. Census Bureau reported. This followed a 0.3% December decrease.
Las Vegas, NV, March 5, 2024—"More than 76,000 builders, remodelers, developers, and other home building professionals filled the exhibit halls of the Las Vegas Convention Center as the National Association of Home Builders (NAHB) hosted the 80th NAHB International Builders’ Show (IBS), February 27 to 29, 2024,” reports Hardwood Floors Magazine.
Laona, WI, March 5, 2024—"The U.S. Occupational Safety and Health Administration (OSHA) cited WD Flooring, LLC for four repeat, 28 serious, and six other-than serious violations at their manufacturing facility after an inspection in September 2023,” reports The American Genius.