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, May 30, 2023—While mortgage rates were stabilizing in Q1 2023, rates on loans for acquisition, development & construction (AD&C) continued to climb, according to National Association of Home Builders’ (NAHB) quarterly Survey on AD&C Financing.
Alexandria, VA, May 30, 2023—Total unit shipments fell 24.6% year over year in Q1, according to the International Sleep Products Association’s Bedding Market Quarterly report.
Ann Arbor, MI, May 26, 2023—Consumer sentiment slid 6.8% to 59.2 in May, according to final results from the University of Michigan Survey of Consumers.
Washington, DC, May 26, 2023—Personal income increased $80.1 billion (0.4% at a monthly rate) in April, according to estimates released by the Bureau of Economic Analysis.
Washington, DC, May 26, 2023—New orders for manufactured durable goods in April, up two consecutive months, increased $3.1 billion or 1.1% to $283.0 billion, the U.S. Census Bureau announced.
Richmond, VA, May 25, 2023-Tom Sullivan, founder and former CEO of LL Flooring, acquired 9.4% of LL stock for the purpose of beginning discussions with LL management about board about merging the stores with Cabinets To Go, another business founded by Sullivan.
St. Paul, MN, May 25, 2023-Herregan Distributors has announced its transition to an Employee Stock Ownership Plan (ESOP) company.
Washington, DC, May 25, 2023-The Pending Home Sales Index (PHSI) remained at 78.9 in April, posting no change from the previous month, according to the National Association of Realtors.
Coral Gables, FL, May 25, 2023- Spain-based Cosentino Group, a family-owned producer and distributor of flooring, countertop and other surfaces, has announced plans to expand its manufacturing to North America, which would mark Cosentino’s first manufacturing facility beyond its Industrial Park in Almería, Spain and natural stone factory in Vitoria, Brazil.
Washington, DC, May 25, 2023—Real gross domestic product (GDP) increased at an annual rate of 1.3% in Q1 2023, according to the second estimate released by the Bureau of Economic Analysis.