U.S. Consumers Are Slowing Their Spending
New York, NY, January 31, 2023—The engine of the U.S. economy—consumer spending—is starting to sputter, reports the Wall Street Journal.
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.
Home Prices Rose 9.2% YOY in November, Says Case-Shiller
New York, NY, January 31, 2023—Home prices made a 9.2% annual gain in November, down from 10.7% in the previous month, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions.
Sellers Service Center Sold to Creswell's Sellers Service Solutions
Dalton, GA, January 31, 2023—The Sellers Service center for carpet shearing machines, including its specialized machinery and inventory, has been acquired by Colter Creswell of Sellers Service Solutions.
CFL Licenses I4F's Click-to Lock Wall Installation Technology
Las Vegas, NV, January 31, 2023--I4F, a group of companies providing patents and technologies to the flooring industry, announced that CFL Flooring has signed a new license agreement for I4F’s patented click-to-lock wall installation system.
American Olean Launches Visualizer, Celebrates 100th Anniversary
Dallas, TX, January 31, 2023-American Olean has launched a visualizer on its website.
Compensation Costs Rose 1.0% in Q4 2022
Washington, DC, January 31, 2023—Compensation costs for civilian workers increased 1.0%, seasonally adjusted, for the three-month period ending in December 2022, the U.S. Bureau of Labor Statistics reported.
NFA & IDG Hold Meetings Ahead of Surfaces
Las Vegas, NV, January 30, 2023-Prior to the opening of Surfaces tomorrow, the National Floorcovering Alliance (NFA) and International Design Guild (IDG) are both hosting meetings today.
Schönox and Ohio Valley Flooring Form Partnership
Florence, AL and Cincinnati, OH, January 30, 2023-Schönox HPS North America and Ohio Valley Flooring announce a strategic partnership to provide Schönox subfloor product technologies, training, and support across Ohio, Indiana, Kentucky, West Virginia, and western Pennsylvania.
Architecture Billings Index Score Rose to 47.5 in December
Washington, DC, January 27, 2023-The pace of decline during December slowed from November, posting an Architecture Billings Index (ABI) score of 47.5 from 46.6, according to a report from the American Institute of Architects.
Couristan Names Tommy Armistead VP of Area Rug Sales
Fort Lee, NJ, January 30, 2023—Couristan—a manufacturer of fine, quality area rugs, residential broadloom and custom contract·hospitality carpeting—announced as part of its long-term growth plan for its area rug division, the appointment of Tommy Armistead to the position of vice president of area rug sales for the company’s mass merchant accounts.