Current Surge in Housing Demand Driven by Echo Boomers
Lakewood, WA, June 3, 2021-The Echo Boom generation, children of peak year Baby Boomers, may be driving the current surge in demand for starter homes, says McClellan Financial Publications.
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.
Private Sector Employment Rose by 978K Jobs in May
Roseland, NJ, June 3, 2021—Private sector employment increased by 978,000 jobs from April to May, according to the May ADP National Employment Report.
Initial Jobless Claims Deceased 20,000 in Last Week of May
Washington, DC, June 3, 2021—In the week ending May 29, the advance figure for seasonally adjusted initial claims was 385,000, a decrease of 20,000 from the previous week's revised level, according to the Department of Labor.
Productivity Rose 5.4% in Q1 2021
Washington, DC, June 3, 2021—Nonfarm business sector labor productivity increased 5.4% in Q1 2021, the U.S.
Van Horn, Metz & Co. to Partner with Archroma for U.S. Distribution
Reinach, Switzerland, June 3, 2021—Archroma has entered an agreement with specialty raw material distributor Van Horn, Metz & Company for the distribution of its Mowilith emulsions in the United States.
DFS Acquires Diversified Flooring
Van Nuys, CA, June 2, 2021-DFS Flooring has acquired Diversified Flooring, a privately owned, full-service commercial flooring enterprise located in Salt Lake City, Utah.
Novalis Names Meredith Brown Director of Commercial Accounts
Dalton, GA, June 2, 2021—Novalis Innovative Flooring named Meredith Brown director of commercial accounts.
Pervanovo, Majority Owner of Välinge, Acquires Veneer Manufacturer
Viken, Sweden, June 2, 2021-Pervanovo Invest, majority shareholder of the Välinge group, has acquired 98% of the shares in the Croatian company, Spacva d.d. in Vinkovci.
Lowe's CEO Marvin Ellison Named Chairman of the Board
Mooresville, NC, June 2, 2021—Lowe's board of directors has elected Marvin R. Ellison, president, chief executive officer and current director of Lowe's, to the additional role of chairman of the board, effective immediately.
Homebuilding at Fastest Pace in Areas With Shortest Commute Times
Washington, DC, June 2, 2021—Homebuilding across the nation expanded the fastest in places with the shortest commute times, according to the quarterly National Association of Home Builders (NAHB) Home Building Geography Index (HBGI).