Architecture Billings Remained Soft in July at 48.2 but Rose from June
Washington, DC, August 21, 2024-The Architecture Billings Index score for July was 48.2, according to the American Institute of Architects.
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.
Multifamily Mortgage Lending Declined 49% in 2023
Washington, DC, August 21, 2024—In 2023, 2,520 different multifamily lenders provided a total of $246.2 billion in new mortgages for apartment buildings with five or more units, according to the Mortgage Bankers Association’s (MBA) annual report of the multifamily lending market.
HMTX Renews Just 2.0 Label
Norwalk, CT, August 21, 2024—HMTX Industries, a global flooring company, has achieved the renewal of its Just 2.0 Label for the company’s U.S. employees and operations through June 2026.
Unique Loom to Hold Grand Opening for New SC Showroom
Fort Mill, SC, Aug 21, 2024-International rug brand Unique Loom has opened its newest trade showroom at the company’s corporate headquarters in Fort Mill, South Carolina and is hosting a grand opening event on September 10 from 3:00 to 6:00 p.m. (793 Fort Mill Hwy, Fort Mill, SC).
Lowe's Q2 Sales Down 5.6%, Earnings Down 11.1%
Mooresville, NC, August 20, 2024-Lowe's reported net sales for Q2 2024 were $23.6 billion, a 5.6% decline compared to $25.0 billion in the prior-year quarter.
Forbo Announces 2% Price Increase, Eliminates Freight Surcharge
Hazleton, PA, August 20, 2024-Forbo Flooring Systems is pleased to announce the elimination of its freight surcharge due to a stabilization of transportation costs effective October 1, 2024.
Homebuyers Gain the Advantage Nationally
Seattle, WA, August 20, 2024—Competition for homes and price appreciation tapered off faster than normal in July as high housing costs continued to stymie shoppers, according to the Zillow market report. But recent drops in mortgage rates should spur more competition as we head into fall.
Realtor Fees for Homebuying Now Changed
New York, NY, August 19, 2024—"New U.S. rules governing real-estate commissions go into effect on Saturday, upending how deals get done and putting downward pressure on costs,” reports the Wall Street Journal.
EJ Welch Forms Partnership with Hispanic Contractors Association
Houston, TX, August 19, 2024—Flooring distributor EJ Welch's is now a regional sponsor (Texas) of NAHICA's (Hispanic Contractors Association) mission to empower Hispanic contractors through advocacy, education, and networking opportunities.
Beaulieu Canada Dropping Peerless Name in U.S. Market
Acton Vale, Quebec, August 19, 2024-Beaulieu Canada, a Canadian manufacturer of carpets and hard surface distributor, announces its strategic expansion into the United States.