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.

Berkshire Hathaway Reports Q1 Loss of $49B; Buffett Says U.S. Will Recover

Berkshire Hathaway Reports Q1 Loss of $49B; Buffett Says U.S. Will Recover

Omaha, NE, May 4, 2020-Berkshire Hathaway, which owns Shaw Industries, reported a $49.7 billion loss for Q1 2020, compared to a $21 billion gain in the same period of 2019, but at an annual stakeholder meeting on May 2, Berkshire Hathaway CEO Warren Buffett offered that the U.S. economy will recover steadily from the coronavirus pandemic, reports the Wall Street Journal.

Tarkett Impacted by Cyber Attack

Tarkett Impacted by Cyber Attack

Paris, FR, May 4, 2020--Tarkett announced that it is the victim of a cyber-attack that has affected part of its operations since April 29, despite the IT security measures implemented by the Group.

Construction Spending Rose 0.9% in March

Construction Spending Rose 0.9% in March

Washington, DC, May 1, 2020—Construction spending during March 2020 was estimated at a seasonally adjusted annual rate of $1,360.5 billion, 0.9% above the revised February estimate of $1,348.4 billion, according to the U.S. Census Bureau.

Builder Confidence in 55 Housing Market Posts 30-Point Drop

Builder Confidence in 55 Housing Market Posts 30-Point Drop

Washington, DC, May 1, 2020--Builder confidence in the single-family 55+ housing market dropped 30 points to 38 in the first quarter, according to the NAHB 55+ Housing Market Index (HMI). This is the lowest reading since the fourth quarter of 2012.