Lonseal Names Takafumi Kojima President, Announces Promotions
Carson, CA, June 9, 2022—Lonseal, Inc. has announced the promotion of the following team members.
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.
Initial Jobless Claims Rose by 27,000 in Week Ending June 4
Washington, DC, June 9, 2022—In the week ending June 4, the advance figure for seasonally adjusted initial claims was 229,000, an increase of 27,000 from the previous week's revised level, according to the Department of Labor.
I4F & Küberit USA to Make NeoCon Debuts
Chicago, IL, June 9, 2022—Both I4F and Küberit USA will make debuts at NeoCon 2022, taking place June 13 to 15 at TheMart in Chicago.
U.S. Economy Expected to Grow 2.5% in 2022
New York, NY, June 8, 2022-The World Bank forecasts the economy to grow at a rate of 2.5% in 2022, reports the Wall Street Journal.
New Single-Family Construction Slowed in Q1, Says NAHB
Washington, DC, June 8, 2022—New findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) show that the rate of year-over-year single-family construction growth in small and large metro urban, suburban and rural regional submarkets slowed in the first quarter of 2022 compared to the same time period as last year, with notable deceleration in large suburban markets.
Three New Members Join Fuse
Laguna Niguel, CA, June 7, 2022-Fuse Alliance, a member-owned organization of professional commercial flooring contractors, announced today that Quality Carpet + Flooring, Better Flooring and Central Illinois Commercial Flooring have joined the network as new members.
Mortgage Applications Declined 6.5% in Week Ending June 3
Washington, DC, June 8, 2022-Mortgage applications decreased 6.5% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 3, 2022.
Mannington Awards Two National Merit Scholarships
Salem, NJ, June 8, 2022-In recognition of the benefits that higher education provides to both individuals and the communities in which they live, Mannington is a corporate sponsor of the National Merit Scholarship Corporation and the underwriter of scholarships for children of its associates.
FEI Group Announces Partnership with Nationwide Marketing Group
Atlanta, GA, June 7, 2022-FEI Group has announced a strategic partnership and merger with Nationwide Marketing Group, the independent retail channel’s largest buying, marketing and business support organization, supporting more than 5,000 independently owned businesses across North America.
Goods & Services Deficit Declined $20.6B in April
Washington, DC, June 7, 2022—The goods and services deficit was $87.1 billion in April, down $20.6 billion from $107.7 billion in March, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.