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.
Portsmouth, NH, August 2, 2022-The franchise company leading the United States hotel construction pipeline is Marriott International with 1,355 projects/167,034 rooms, up 4% by projects year-over-year (YOY), according to the Q2 2022 United States Construction Pipeline Trend Report from Lodging Econometrics (LE).
Dalton, GA, August 2, 2022-Details of the Floor Covering Business to Business Association (FcB2B), part of WFCA annual meeting have been announced. The event will be held September 19 to 21 at the Embassy Suites Hotel near the Nashville Airport.
Washington, DC, August 1, 2022—Construction spending during June 2022 was estimated at a seasonally adjusted annual rate of $1,762.3 billion, 1.1% below the revised May estimate of $1,781.9 billion, according to the U.S. Census Bureau.
Washington, DC, August 1, 2022—U.S. imports of hardwood plywood have surged, though the growth rate is slowing overall, reports the Decorative Hardwoods Association.
Tempe, AZ, August 1, 2022—The July Manufacturing Purchasing Managers Index (PMI) registered 52.8%, down 0.2 percentage point from the reading of 53% in June, say the nation's supply executives in the latest Manufacturing ISM Report On Business.
Lancaster, PA, August 1, 2022-In a settlement filed July 29, Armstrong Flooring Inc. (AFI) agreed to pay $1 million to Armstrong World Industries (AWI) for the right to use to the Armstrong brand name.
Calhoun, GA, July 29, 2022-Mohawk Industries announced Q2 2022 net sales of $3.2 billion, an increase of 7% over Q2 2021’s $3.0 billion. For Q2 2022, net earnings were $280 million, a 17% decline compared to Q2 2021’s $336 million.
Ann Arbor, MI, July 29, 2022—Consumer sentiment rose 3% to 51.5 in July, according to final results from the University of Michigan’s Survey of Consumers.
Washington, DC, July 29, 2022-Mortgage rates fell after rising for two straight weeks, another indication that recession concerns are impacting the U.S. housing market, reports the Wall Street Journal.
Washington, DC, July 29, 2022-Personal income increased $133.5 billion (0.6%) in June, according to estimates released by the Bureau of Economic Analysis.