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, June 16, 2022—Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,549,000, 14.4% below the revised April estimate of 1,810,000 and 3.5% below the May 2021 rate of 1,605,000, according to the U.S. Census Bureau.
Chattanooga, TN, June 16, 2022—Due to increases in raw materials prices and continued demand for nylon 6, 6/66 and nylon 6 intermediates, AdvanSix will increase the prices in the Americas of caprolactam, Aegis nylon 6 and nylon 6/66 copolymer resins by $0.20/pound, effective July 1 or as contracts allow.
Washington, DC, June 16, 2022—In the week ending June 11, the advance figure for seasonally adjusted initial claims was 229,000, a decrease of 3,000 from the previous week's revised level, according to the Department of Labor.
Baltimore, MD, June 16, 2022—Wm. T. Burnett & Co., headquartered in Baltimore, Maryland, has acquired Flex Foam, the first polyurethane foam manufacturer in Arizona. Financial details of the transaction were not disclosed.
Santa Fe Springs, CA, June 16, 2022—Flooring distributor Galleher announced a partnership with Building Homes for Heroes, a national non-profit organization that recognizes the sacrifices of men and women of the U.S. Armed Forces by supporting the needs of severely wounded or disabled soldiers and their families.
Washington, DC, June 15, 2022—Advance estimates of U.S. retail and food services sales for May 2022 were $672.9 billion, a decrease of 0.3% from the previous month but 8.1% above May 2021, according to the U.S. Census Bureau.
Atlanta, GA, June 14, 2022- On June 6, Her Royal Highness Princess Astrid of Belgium visited Atlanta to confer upon Mohawk chairman and chief executive officer Jeff Lorberbaum the honorary title of knight commander of the Order of the Crown.
Lancaster, PA, June 14, 2022--Armstrong's bid deadline for North American assets has been extended from June 14 until June 23.
Washington, DC, June 15, 2022—In a troubling sign for the housing market, builder confidence in the market for newly built single-family homes posted its sixth straight monthly decline in June, falling two points to 67, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released.
Washington, DC, June 15, 2022—Mortgage applications increased 6.6% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 10, 2022.