Mannington Sells Shuttered High Point Hardwood Building
High Point, NC, February 15, 2021-- Mannington Mills has sold its hardwood manufacturing facility in High Point for $1 million.
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.
Huber Introduces Exacor Magnesium-Oxide Panels
Charlotte, NC, February 15, 2021—Huber Engineered Woods has introduced a new brand to join AdvanTech subfloor assembly and ZIP System building enclosure products with Exacor Magnesium-Oxide (MgO) panels.
Mohawk's Global Sales Up 9% in Q4, NA Sales Up 3%
Calhoun, Ga, February 12, 2021-Mohawk Industries announced net sales for Q4 2020 were $2.6 billion, an increase of 9.0% from Q4 2019’s $2.4 billion. Q4 2020 net earnings were $248 million, a 6.5% decrease compared to $265 million in Q4 2019.
Multifamily Will Be Weak in '21 but Rebound in '22, Says NAHB
Washington, DC, February 12, 2021-Regulatory and supply-side challenges coupled with slowing rent growth and rising vacancy rates will weaken the multifamily construction market in 2021, according to economists from the National Association of Home Builders (NAHB). However, the development market should stabilize by 2022.
Consumer Sentiment Slid 3.5% to 76.2 in Early February
Ann Arbor, MI, February 12, 2021—Consumer sentiment slid 3.5% to 76.2 in early February, according to the University of Michigan Survey of Consumers.
Coronavirus Relief Package Brings Back Three-Martini Lunch
Washington, DC, February 12, 2021-The latest emergency Coronavirus relief package, the Consolidated Appropriations Act of 2020 (CAA) passed on December 21, 2020, reverses some of the Tax Cuts and Jobs Act (TCJA) meals and entertainment changes and provides a temporary full deduction of certain business meals.
Shelby Peeples, Flooring Industry Entrepreneur, Dies at 85
Dalton, GA, February 11, 2021-Shelby Peeples, 85, flooring industry entrepreneur, died February 10.
James Brunk Named Chief Financial Officer for Mohawk
Calhoun, GA, February 11, 2021-Mohawk Industries has announced the appointment of James F. Brunk as chief financial officer, effective April 1.
Pami Bhullar Wins Inaugural WFCA Luminary Award
Dalton, GA, February 11, 2021-World Floor Covering Association (WFCA) announces Pami Bhullar of The Dixie Group as the inaugural recipient of the WFCA Luminary Award
USGBC Releases 2021 Top 10 States for LEED List
Washington, DC, February 9, 11, 2021-The U.S. Green Building Council (USGBC) released its annual list of the Top 10 States for LEED green building with Massachusetts leading the country in 2020 with the most certified square feet per capita.