Rising Interest Rates Causing Potential Homebuyers to Reconsider
New York, NY, September 2, 2022-"Home buyers are feeling the pinch of rising costs more than renters,” 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.
Välinge Terminates Divine's License Agreements
Viken, Sweden, September 2, 2022- Välinge has terminated its license agreements with the Chinese flooring producer Jiangsu Divine Building Technology Development Co. Ltd.’s (“Divine”).
Orders for Manufactured Goods Declined 1.0% in July
Washington, DC, September 2, 2022—New orders for manufactured goods in July, down following nine consecutive monthly increases, decreased $5.7 billion or 1.0% to $548.5 billion, the U.S. Census Bureau reported.
Shaw Opens Its Third Employee Healthcare Center in Cartersville
Cartersville, GA, September 2, 2022—Shaw is partnering with direct health care company Premise Health to operate the third Shaw Family Health Center. The new facility, located near several of Shaw’s manufacturing, marketing and product development operations, will offer associates a wide variety of care options.
AHF Moving Wood Flooring Production to WV, KY & TN, Closing PA Factory
Mountville, PA, September 1, 2022—AHF Products announced it will move manufacturing of select solid and engineered wood flooring products to its Beverly, West Virginia; Somerset, Kentucky; and Only, Tennessee facilities in the U.S and will be closing its factory in Titusville, Pennsylvania, where these products are currently made.
Construction Spending Declined 0.4% in July
Washington, DC, September 1, 2022—Construction spending during July 2022 was estimated at a seasonally adjusted annual rate of $1,777.3 billion, 0.4% below the revised June estimate of $1,784.3 billion, according to the U.S. Census Bureau.
Initial Jobless Claims Down 5,000 in Week Ending August 27
Washington, DC, September 1, 2022—In the week ending August 27, the advance figure for seasonally adjusted initial claims was 232,000, a decrease of 5,000 from the previous week's revised level, according to the Department of Labor.
Labor Productivity Declined 4.1% in Q2
Washington, DC, September 1, 2022—Nonfarm business sector labor productivity decreased 4.1% in Q2 2022, the U.S. Bureau of Labor Statistics reported, as output decreased 1.4% and hours worked increased 2.7%.
Vinyl Sustainability Council Highlights +Vantage Vinyl Program
Washington, DC, September 1, 2022—The Vinyl Sustainability Council (VSC), a self-funded business council advancing sustainability in the vinyl industry, is raising the awareness of the council’s +Vantage Vinyl-verified companies by launching a collaboration with Ecomedes.
Robbie Barajas Named VP of Logistics for Louisville Tile
Louisville, KY, September 1, 2022-Louisville Tile Distributors has announced the appointment of Robbie Barajas as the firm’s new vice president of logistics.