U.S. Adds 1.48M Jobless Claims in Third Week of June
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.
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.
AIA Architecture Billings Index Rose to 32.0 in May
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).
Mortgage Applications Slid 8.7% in Third Week of June
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.
CCA Global's LIFT2020 Underway Now
Manchester, NH, June 24, 2020-CCA Global Partners swiftly reacted to the COVID-19 pandemic to provide their independent flooring retailers the tools and resources they needed to react to the changing retail environment and keep their businesses running, and as the retail flooring business starts to rebound, CCA is continuing to adapt to support their members with a robust virtual event.
I4F Offers New Labeling System
Hamont, Belgium, June 24, 2020—I4F has launched a new labelling system that accompanies its offer to all I4F licensees to sign up for a specific non-assertion agreement providing extra protection worldwide on certain patents for new materials with a locking. This follows the separate settlement agreements I4F signed with Unilin and Välinge.
Former Fiandre Executive Launches ELM Surfaces
Chicago, IL June 24, 2020—Launched by Eugenio Megna, a former Fiandre executive, ELM Surfaces is a one-stop resource for porcelain tile and other finishes for residential and commercial, interior and exterior surface applications.
New Home Sales Rose 12.7% YOY in May
Washington, DC, June 23, 2020-Sales of new single-family houses in May 2020 were at a seasonally adjusted annual rate of 676,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 16.6% above the revised April rate of 580,000 and is 12.7% above the May 2019 estimate of 600,000.
Construction Activity Starting to Return to Pre-COVID Levels
Washington, DC, June 23, 2020—Construction activity is beginning to return to pre-coronavirus levels in many parts of the country, according to a new survey from the Associated General Contractors of America (AGC) and data from construction technology firm Procore, reported by Builder Online.
Armstrong Launches LVT Quick Ship Program
Lancaster, PA, June 23, 2020—Armstrong Flooring is pleased to announce the launch of a Quick Ship program featuring 50 LVT options, all manufactured in the U.S. Orders
Jack Frost, Chairman of Tuftco, Has Died
Chattanooga, TN, June 22, 2020-Jack Frost, 90, chairman of Tuftco, died June 19, 2020.