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.
Washington, DC, June 3, 2024-Construction spending during April 2024 was estimated at a seasonally adjusted annual rate of $2,099.0 billion, 0.1% below the revised March estimate of $2,101.5 billion, according to the U.S. Census Bureau, 10.0% above the April 2023 estimate of $1,907.8 billion.
New York, NY, June 3, 2024—"LL Flooring’s founder, Tom Sullivan, is launching a proxy fight at the company he created, marking the latest investor activism at the struggling flooring seller as the company considers alternatives,” reports the Wall Street Journal.
Clemson, SC, June 3, 2024-The Tile Council of North America (TCNA) announced that on May 31, the United States International Trade Commission (USITC) unanimously determined a reasonable indication of material injury or threat of material injury to U.S. tile manufacturers by reason of imports of ceramic tile from India.
Tempe, AZ, June 3, 2024—The Manufacturing PMI registered 48.7% in May, down 0.5 percentage point from the 49.2% recorded in April, according to the latest ISM Report On Business.
Manalapan Township, NJ, June 3, 2024—Merola Tile Distributors of America has acquired Pan American Ceramics.
Dalton, GA and Toms River, NJ, June 3, 2024-Len Andolino, a 40-year industry veteran, has re-established Andolino Management Group with a focus on the high-end decorative flooring industry.
Ft. Worth, TX, June 3, 2024—Advanced Flooring Technology (AFT) has announced the opening of a new training facility for floorcovering installers in Ft. Worth, Texas.
Norwalk, CT, June 3, 2024-- Natalia Smith has been promoted to senior director, commercial design for HMTX, and Jay Zurn has been promoted to senior director, technical services.
Charlotte, NC, June 3, 2024—"According to the Census Bureau's Survey of Market Absorption of New Multifamily Units, 42% of the 91,060 unsubsidized apartments completed in Q4 2023 were absorbed (aka rented) within the first three months following project completion,” reports Truist.
Ontario, CA, June 3, 2024—Hallmark Floors, a provider of flooring solutions, has announced that Diamond W Flooring has been appointed as a full-line distributor of all Hallmark products, effective immediately.