Forbes Includes Shaw and Mohawk on Georgia Best Employers List
New York, NY, August 22, 2024—Both Shaw and Mohawk were named Best-In-State Employers for the state of Georgia by Forbes
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.
Cost of Existing Home Exceeded Cost of New Home in Q2
Washington, DC, August 22, 2024—As a result of limited resale inventory and measures by home builders to increase housing affordability, the median price on an existing home in the United States during the second quarter of 2024 was higher than that of a new home.
Mortage Applications Declined 10.1% in Week Ending August 16
Washington, DC, August 22, 2024—Mortgage applications decreased 10.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 16, 2024.
Job Market Was Weaker Than Reported in 2023 and 2024
Washington, DC, August 22, 2024—"The job market from early 2023 through early this year wasn’t as hot as it seemed at the time, new government data suggested Wednesday,” according to the Wall Street Journal.
Novalis Names McClatchy Director of Residential Distribution
Dalton, GA, August 22, 2024—Novalis Innovative Flooring has named Dave McClatchy as director of residential distribution.
Architecture Billings Remained Soft in July at 48.2 but Rose from June
Washington, DC, August 21, 2024-The Architecture Billings Index score for July was 48.2, according to the American Institute of Architects.
Multifamily Mortgage Lending Declined 49% in 2023
Washington, DC, August 21, 2024—In 2023, 2,520 different multifamily lenders provided a total of $246.2 billion in new mortgages for apartment buildings with five or more units, according to the Mortgage Bankers Association’s (MBA) annual report of the multifamily lending market.
HMTX Renews Just 2.0 Label
Norwalk, CT, August 21, 2024—HMTX Industries, a global flooring company, has achieved the renewal of its Just 2.0 Label for the company’s U.S. employees and operations through June 2026.
Unique Loom to Hold Grand Opening for New SC Showroom
Fort Mill, SC, Aug 21, 2024-International rug brand Unique Loom has opened its newest trade showroom at the company’s corporate headquarters in Fort Mill, South Carolina and is hosting a grand opening event on September 10 from 3:00 to 6:00 p.m. (793 Fort Mill Hwy, Fort Mill, SC).
Lowe's Q2 Sales Down 5.6%, Earnings Down 11.1%
Mooresville, NC, August 20, 2024-Lowe's reported net sales for Q2 2024 were $23.6 billion, a 5.6% decline compared to $25.0 billion in the prior-year quarter.