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.

Bauwerk Group (Boen) Acquires Somerset Hardwood

Bauwerk Group (Boen) Acquires Somerset Hardwood

St. Margrethen, Switzerland, May 2, 2022—Swizerland-based Bauwerk Group AG has announced the acquisition of Somerset Hardwood Flooring, a vertically integrated forest products company based in Somerset, Kentucky, effective May 1.

March Construction Spending Rose 0.1% from Feb., 11.7% YOY

March Construction Spending Rose 0.1% from Feb., 11.7% YOY

Washington, DC, May 2, 2022—Construction spending during March 2022 was estimated at a seasonally adjusted annual rate of $1,730.5 billion, 0.1% above the revised February estimate of $1,728.6 billion, according to the U.S. Census Bureau, and 11.7% above the March 2021 estimate of $1,548.6 billion.