FloorMax Acquires Next Day Floors & Carpet Fair Commercial
Baltimore, MD, December 3, 2024-Carpet N' Things, Inc. d/b/a FloorMax has announced its strategic acquisition of Carpet Fair, which includes Next Day Floors and Carpet Fair Commercial.
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.
H.B. Fuller Sells Flooring Business to Pacific Avenue Capital Partners
St. Paul, MN, December 3, 2024—H.B. Fuller Company will sell its flooring business to Pacific Avenue Capital Partners, a private equity firm based in Los Angeles, California.
Increased Construction in Low Density Areas on the Rise
Washington, DC, December 3, 2024—More residential construction is occurring in low density suburbs and outlying areas because of several factors that affect housing affordability, including the continued lack of buildable lots, higher home building costs and an ongoing shortage of construction workers.
Tarkett Home Names DelBove Director of Hard Surface Design
Solon, OH, December 3, 2024—Tarkett Home has announced the addition of Cristen DelBove as the director of hard surface design.
Job Openings Steady in October at 7.7 Million
Washington, DC, December 3, 2024—The number of job openings was little changed at 7.7 million on the last business day of October, the U.S. Bureau of Labor Statistics reported.
Construction Spending Rose 0.4% in October
Washington, DC, December 2, 2024—Construction spending during October 2024 was estimated at a seasonally adjusted annual rate of $2,174.0 billion, 0.4% above the revised September estimate of $2,164.7 billion, according to the U.S. Census Bureau.
Homebuyers Find the Current Market Difficult
New York, NY, December 2, 2024—"It is an odd and confusing season for homebuyers,” reports the Wall Street Journal.
ISM's Purchasing Managers’ Index Rose to 48.4% in November
Tempe, AZ, December 2, 2024— The Manufacturing Purchasing Managers’ Index (PMI) registered 48.4% in November, 1.9 percentage points higher compared to the 46.5% recorded in October, according to the latest Manufacturing ISM Report On Business.
Välinge Joins RFCI
Viken, Sweden, December 2, 2024-Välinge Innovation announced its membership in the North American Resilient Floor Covering Institute (RFCI) and looks forward to contributing to the advancement of industry standards and the continued development of the sector.
Gerflor & NCAA Extend Partnership
Chicago, IL, December 2, 2024—The NCAA has officially extended its longstanding partnership with Gerflor USA’s family of brands—Connor Sports, Sport Court, and Taraflex—to continue delivering world-class playing surfaces for some of the most celebrated championships in collegiate sports.