Brand Loyalty Challenged by Shortages & Inflation, Reports WSJ
New York, NY, March 30, 2022—U.S. shoppers are buying what they can find—and afford, 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.
Mortgage Applications Declined 6.8% in Week Ending March 25
Washington, DC, March 30, 2022—Mortgage applications decreased 6.8% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 25, 2022.
Home Prices Rose 19.2% YOY in January, Says Case-Shiller
New York, NY, March 29, 2022-Home prices made a 19.2% annual gain in January, up from 18.9% 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.
Coverings Names 2022 Rock Stars
Arlington, VA, March 29, 2022-Coverings has announced the annual Rock Star Award winners in advance of Coverings 2022, which will take place April 5 to 8 at the Las Vegas Convention Center, in Las Vegas, Nevada.
Job Openings Steady at 11.3M in February
Washington, DC, March 29, 2022—The number of job openings was little changed at 11.3 million on the last business day of February, the U.S. Bureau of Labor Statistics reported.
Forbo Announces 3.5% Surcharge on PVC-Based Products
Hazleton, PA, March 29, 2022—Forbo Flooring Systems is implementing a 3.5% surcharge on all PVC-based resilient products, including its Allura, Eternal, and Colorex brands, effective with all orders placed on and after May 1.
Business Travel Picking Up
New York, NY, March 29, 2022—Business travelers are hitting the road again, reports the Wall Street Journal.
Florim Opening Store in Abu Dhabi
Abu Dhabi, UAE, March 29, 2022—On March 24, Florim held a ribbon-cutting ceremony at its flagship store in Abu Dhabi.
Magnus Andersson Named President & CEO of Bona
Malmö, Sweden, March 28, 2022—Bona has appointed Magnus Andersson as president and CEO of the company effective April 4.
Starnet Adds Taylor Adhesives as Supply Vendor
Lewis Center, OH, March 28, 2022-The Starnet board of directors approved the addition of Taylor Adhesives to the Starnet Vendor Network beginning April 1.