Americans Renovating Rentals as Housing Market Precludes Purchases
New York, NY, December 1, 2022—"Many Americans unable to buy a home right now are renovating their rentals instead,” 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.
Purchasing Managers Index Contracted Slightly in November
Tempe, AZ, December 1, 2022—The November Manufacturing Purchasing Managers Index (PMI) registered 49%, 1.2 percentage points lower than the 50.2% recorded in October, according to the latest Manufacturing ISM Report On Business.
Shaw Floors to Update Anso Colorwall in 2023
Dalton, GA, December 1, 2022-Shaw Floors will update its Anso Colorwall display in 2023. The carpet merchandising system is available exclusively to Shaw Flooring Network (SFN) retailers and has a 20+ year legacy in the industry.
INSTALL Announces Retirement of Executive Director John McGrath
Washington, DC, December 21, 2022-INSTALL announces the retirement of executive director John T. McGrath Jr., who played a significant role in revolutionizing floorcovering installation training and standards for over two decades.
Arthur Bieler of Majestic Carpet Mill Has Died
Weston, FL, December 1, 2022—Arthur Bieler, pioneer in the tufted carpet business, 93, died November 27.
Initial Jobless Claims Declined by 16,000 in Week Ending Nov. 26
Washington, DC, December 1, 2022—In the week ending November 26, the advance figure for seasonally adjusted initial claims was 225,000, a decrease of 16,000 from the previous week's revised level, according to the Department of Labor.
Torlys' Cam Bowen Wins BILD Member of the Year Award
Toronto, ON, December 1, 2022 – Torlys announced that one of its senior members received the prestigious Building Industry and Land Development Association (BILD) “Member of the Year” award, vice president of sales for builder & hospitality Cam Bowen.
Stanton Participates in Ronald McDonald House Remodel
Woodbury, NY, December 1, 2022—Stanton Carpet Corporation is the flooring sponsor of the Designing Hope Showhouse: a project to create comfort in a home away from home, a remodel of the The Ronald McDonald House of the Greater Hudson Valley.
Q3 GDP Revised Up to 2.9% in Second Estimate
Washington, DC, November 30, 2022-Real gross domestic product (GDP) increased at an annual rate of 2.9% in Q3 2022, according to the second estimate released by the Bureau of Economic Analysis.
Pending Home Sales Declined 4.6% in October
Washington, DC, November 30, 2022—The Pending Home Sales Index (PHSI) sank 4.6% to 77.1 in October, according to the National Association of Realtors.