Covestro Acquires DSM's Resins and Functional Materials
Leverkusen, Germany, April 1, 2021–German chemical manufacturer Covestro has announced its acquisition of DSM’s Resins and Functional Materials (RFM).
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.
Construction Spending Down 0.8% in February
Washington, D.C., April 1, 2021–Construction spending during February 2021 was estimated at a seasonally adjusted annual rate of $1,516.9 billion, 0.8% below the revised January estimate of $1,529.0 billion, according to the U.S. Census Bureau.
CTDA, NAFCD Partner for Distributor Survey
Chicago, IL, April 1, 2021–The Ceramic Tile Distributors Association (CTDA) and North American Association of Floor Covering Distributors (NAFCD) have announced they will be collaborating for the 2021 CTDA-NAFCD Financial Benchmarking Report, which aims to optimize distributor performance in an environment of relentless pressure on profit margins.
February ISM Manufacturing Index Increased to 60.8%
Tempe, AZ, April 1, 2021–The February Manufacturing PMI registered 60.8%, an increase of 2.1 percentage points from the seasonally adjusted January reading of 58.7%. This figure indicates expansion in the overall economy for the ninth month in a row.
Southwest Flooring Market Begins Next Week
Arlington, TX, April 1, 2021–The Southwest Flooring Market gets underway next week, April 8 to 9, at the AT&T Stadium in Arlington, Texas.
Home Prices Rising at Fastest Pace in 15 Years
New York, NY, March 31, 2021–U.S. home prices are rising at the fastest pace in 15 years, reflecting how fiercely buyers are competing for a limited supply of homes in nearly every corner of the country, according to the Wall Street Journal.
CARE Penalized $1.1 Million by State of California
Sacramento, CA, March 31, 2021–The Carpet America Recovery Effort (CARE) has agreed to pay the state of California $1.175 millions in penalties for failing to meet recycling and landfill diversion goals under California’s Carpet Product Stewardship Law from 2013 through 2016.
Private Sector Employment Rises by 517K
Roseland, NJ, March 31, 2021-Private sector employment increased by 517,000 jobs from February to March, according to the March ADP National Employment Report.
Pending Homes Sales Declined 10.6% in February
Washington, D.C., March 31, 2021–Pending home sales dipped for a second straight month in February, according to the National Association of Realtors. Each of the four major U.S. regions witnessed month-over-month declines in February, while results were mixed in the four regions year-over-year.
Mortgage Applications Decreased 2.2% in Fourth Week of March
Washington, D.C., March 31, 2021–Mortgage applications decreased 2.2% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 26, 2021.