Private Sector Employment Slid by 123K in December
Roseland, NJ, January 6, 2021—Private sector employment decreased by 123,000 jobs from November to December according to the December ADP National Employment Report.
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 4.3% in Last Week of December
Washington, DC, January 6, 2021—Mortgage applications decreased 4.2% from two weeks earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending January 1, 2021.
Domotex Germany Cancels 2021 Physical Event, Now Digital Only
Hannover, DE, January 5, 2021-After initially being postponed to May 18 to 20, Domotex Germany will now take place as a digital event only with the physical event cancelled.
NAFCT Announces Founding Members
Gray Court, SC, January 5, 2021-?The National Association of Floor Covering Technicians (NAFCT) has announced its core founding members.
Artisan Design Group Acquires Pacific Carpets
Dallas, TX, January 5, 2021-Artisan Design Group has announced the acquisition of Pacific Carpets.
AGC Reports on Factors Impacting Long-Term Construction Outlook
Washington, DC, January 5, 2021—Ken Simonsen, chief economist for Associated General Contractors of America, lists the following factors as expected to impact the long-run outlook for construction (post-pandemic):
Home Depot Fined $20M for Subcontractor Lead Paint Violations
New York, NY, January 5, 2021—The U.S. Environmental Protection Agency and the Justice Department announced in December that it has reached a settlement with Home Depot over lead paint violations across the country, reports Fox Business.
Auto Sales Hit Decade-Low in 2020 but Rebounded in Second Half
New York, NY, January 5, 2021—"The U.S. auto industry is expected to report its lowest yearly sales tally in nearly a decade Tuesday, as the fallout from the Covid-19 crisis in 2020 upended a record run for the American auto sector,” reports the Wall Street Journal.
ACF Distributors and All Floor Supply Acquire Gardner Industries
Farmingdale, NY, January 4, 2021—ACF Distributors and All Floor Supply announce the acquisition of Gardner Industries, a full-service wholesale flooring distributor in the New York/New Jersey market.
November Construction Spending Rose 0.9%
Washington, DC, January 4, 2020—Construction spending during November 2020 was estimated at a seasonally adjusted annual rate of $1,459.4 billion, 0.9% above the revised October estimate of $1,446.9 billion, according to the U.S. Census Bureau.