Dodge Momentum Index Inched Up 0.1% in January
Bedford, MA, February 9, 2024—The Dodge Momentum Index (DMI), issued by Dodge Construction Network (DCN), rose 0.1% in January to 184.1 (2000=100) from the revised December reading of 183.9.
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.
CT Flooring Subcontractor Arrested for $500K in Material Theft
New Haven, CT, February 9, 2024—Jhon Escobar, 47, of West Haven, Connecticut, subcontractor for a local flooring company, has been arrested after allegedly stealing close to $500,000 worth of flooring materials, according to North Haven police,” reports NBC Connecticut.
In Q4, Housing Affordability Held Steady at 37.7%
Washington, DC, February 8, 2024-Mortgage rates that hit more than a 20-year high, coupled with elevated construction costs and excessive regulatory costs, left housing affordability in the fourth quarter of 2023 virtually unchanged from the previous quarter and holding near its lowest level in more than a decade.
Shaw's Atlanta Regional Market Wraps Up Today
Atlanta, GA, February 8, 2024-Shaw's seventh regional market concludes today in Atlanta, Georgia.
China Outpaced as Top Supplier of Imports to U.S.
Hong Kong, China, February 8, 2024-“For the first time in 17 years, China was dethroned as the United States’ top source of imports, offering fresh evidence that Washington’s tariffs and supply-chain diversification efforts are bearing fruit,” according to the South China Morning Post.
HMTX's David Altman to Retire, Jay Zurn Succeeding Him
Norwalk, CT, February 8, 2024-HMTX Industries announced the retirement of David Altman following ten years with the company.
Dennis Bradway Named Technical Consultant for RFCI
LaGrange, GA, February 8, 2024-Dennis H. Bradway has joined the Resilient Floor Covering Institute (RFCI) as a technical consultant, along with current technical consultant Jane Rohde, to serve the interests of the resilient flooring industry.
Marlene Morin Named Senior Director of Floorcoverings for Sika
Lyndhurst, NJ, February 8, 2024-Sika, a supplier of specialty chemicals for construction and industry, announced the appointment of Marlene Morin to the position of senior director of floorcoverings.
Initial Jobless Claims Declined by 9,000 in Week Ending February 3
Washington, DC, February 8, 2024—In the week ending February 3, the advance figure for seasonally adjusted initial claims was 218,000, a decrease of 9,000 from the previous week's revised level, according to the Department of Labor.
Trade Deficit Widened by $0.3 Billion in December
Washington, DC, February 7, 2024—The goods and services deficit was $62.2 billion in December, up $0.3 billion from $61.9 billion in November, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.