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.
Lancaster, PA, June 25, 2020-Armstrong Flooring has amended its senior secured asset-based revolving credit facility ("ABL Facility"), modifying the facility size to $90 million with a maturity date in December 2023 and an interest rate on borrowings based on LIBOR with a floor of 1.00% plus a spread of 2.75% to 4.00%.
Washington, DC, June 25, 2020—New orders for manufactured durable goods in May increased $26.6 billion or 15.8% to $194.4 billion, the U.S. Census Bureau announced.
Manchester, NH, June 25, 2020-CCA Global Partners announced during a virtual meeting with members that it will be enhancing and expanding its current Healthier Living Installation System in a new program named Neutralize. The installation process destroys viruses and other contaminants before, during and after a flooring installation.
Lancaster, PA, June 25, 2020—The U.S. Department of Energy (DOE) recognized Better Plants partner Armstrong Flooring with a 2020 Better Practice Award for the company’s “Zero-Kilowatt Challenge,” an innovative effort to reduce energy during plant shutdown.
Englewood, CO, June 25, 2020—Bona U.S. has earned Greenguard Gold Certification on its full line of wood floor adhesive products.
Washington, DC, June 25, 2020-The American Society of Interior Designers (ASID) has announced its first virtual awards event, honoring the design professionals, projects, and organizations who exemplify the “design impacts lives” mission.
Viken, Sweden, June 25, 2020—Välinge is introducing a new L2C label design as well as a fourth L2C yellow label to be applied to boxes sold in the rest of the world (i.e. not in Europe, NAFTA, Australia, New Zealand or China).
Washington, DC, June 25, 2020-In the week ending June 20, the advance figure for seasonally adjusted initial claims was 1,480,000, a decrease of 60,000 from the previous week's revised level.
Washington, DC, June 24, 2020—The Architecture Billings Index (ABI) score for May was 32.0 compared to 29.5 in April, but still represents a significant decrease in services provided by U.S. architecture firms (any number below 50 indicates a decrease in billings), according to The American Institute of Architects (AIA).
Washington, DC, June 24, 2020—Mortgage applications decreased 8.7% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June 19, 2020.