Top-Tier Executives Resist Returning to Office Full Time
New York, NY, July 19, 2023-"An unexpected group of workers is leading the resistance to the five-day office week: top-tier executives,” reports the Wall Street Journal.
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.
New Home Sales Booming with Existing Home Inventory Low
New York, NY, July 19, 2023—"After mortgage rates shot up last year, Ivory Homes, one of Utah’s largest builders, suddenly had few buyers for the hundreds of homes it had under construction. So Clark Ivory, the chief executive, laid off 9% of his staff, and by January he had slashed construction by nearly 80% from its 2022 peak,” reports the Wall Street Journal.
NAFCT Names Andy McWilliams Education Committee Chair
Gray Court, SC, July 19, 2023- The National Association of Floor Covering Technicians (NAFCT) is proud to announce the appointment of Andy McWilliams of Novalis U.S. as the education committee chairman.
Shaw to Host Coretec WPC Training on July 28
Dalton, GA, July 19, 2023-Coretec, Shaw Industries’ premium luxury vinyl brand, is hosting a one-hour WPC training on July 28 at 11:00 a.m. EDT.
Builder Confidence Rose 1 Point to 56 in July
Washington, DC, July 18, 2023—Builder confidence in the market for newly built single-family homes in July posted a one-point gain to 56, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
Retail Sales Rose 0.2% in June, Up 1.5% YOY
Washington, DC, July 18, 2023-Advance estimates of U.S. retail and food services sales for June 2023 were $689.5 billion, up 0.2% from the previous month, and up 1.5% above June 2022, according to the U.S. Census Bureau.
Industrial Production Declined 0.5% in June But Rose 0.7% in Q2
Washington, DC, July 18, 2023-Industrial production declined 0.5% in June for a second consecutive month but advanced 0.7% at an annual rate for Q2 as a whole, according to the Federal Reserve.
Mohawk Names Messiaen Successor to Thiers Leading Flooring ROW
Calhoun, GA, July 18, 2023-Mohawk announced that Wim Messiaen will join the company on October 16, following the completion of his contractual notice, and will succeed Bernard Thiers as president of the company’s Flooring Rest of the World segment, effective February 1, 2024.
Spaces4Learning Announces 2023 Flooring New Product Winners
Dallas, TX, July 18, 2023—Spaces4Learning has announced the winners of its 2023 New Product Awards.
Domotex Asia/Chinafloor Set to Begin July 26
Shanghai, China, July 18, 2023—Domotex Asia/Chinafloor will open its doors on July 26, welcoming flooring professionals from all around the world.