Pending Home Sales Declined 2.7% in May
Washington, DC, June 29, 2023—Pending home sales shrunk 2.7% in May from the previous month, according to the National Association of Realtors.
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.
DFS Flooring Acquires Commercial Assets of Pride of Los Angeles
Van Nuys, CA, June 29, 2023-DFS Flooring has acquired the commercial assets of Pride of Los Angeles, California, a privately owned maintenance company located in Tarzana, California.
Carlisle Wide Plank Floors Acquired by Switchback Capital
Stoddard, NH, June 29, 2023—Carlisle Wide Plank Floors, a designer, manufacturer and direct seller of luxury, hardwood wide plank flooring and portfolio company of Boston-based private equity firm JMH Capital, has been acquired by Switchback Capital, an Austin, Texas-based private equity firm.
Novalis to Commence Production Using Unilin Matte Bevel Tech
Waregem, Belgium, June 29, 2023-Unilin Technologies, the IP and technology division of Unilin, has announced that Novalis, a manufacturer of resilient flooring products, will commence production of Unilin's patented Matte Bevel Technology.
Metroflor Rolls Out First Carbon Neutral Collections
Norwalk, CT, June 29, 2023-Following the creation of Environmental Product Declarations (EPDs) for specific product lines and the data they provided about product lifecycle assessments, Metroflor Corporation announced that it has secured carbon credits to offset the total amount of embodied carbon generated by the manufacture and sale of Déjà New products.
Initial Jobless Claims Declined by 26,000 in Week Ending June 24
Washington, DC, June 29, 2023—In the week ending June 24, the advance figure for seasonally adjusted initial claims was 239,000, a decrease of 26,000 from the previous week's revised level, according to the Department of Labor.
Gesco Industries Acquired by Ironbridge Equity Partners
Brampton, ON, June 29, 2023—Gesco Industries—comprising Shnier (Canadian-based national floorcovering distribution company), Division9 (a supplier of commercial flooring solutions to the architect and design community), and Tierra Sol Ceramic Tile (a supplier of ceramic tile solutions in Western Canada)—announces the sale of Gesco's assets to Ironbridge Equity Partners is complete commencing an exciting new chapter for the organization.
The Projected 2023 Recession Never Materialized--How Come?
New York, NY, June 29, 2023—"The 2023 recession is missing in action. At the end of last year, economists were more convinced than they’ve ever been that recession was on the way, but it refused to arrive.
Spartan Surfaces Expands into Oregon
Bel Air, MD, June 29, 2023—Spartan Surfaces has extended its presence into Oregon.
Dr. Ayana Elizabeth Johnson to Provide Greenbuild's Friday Keynote
New York, NY, June 29, 2023—Dr. Ayana Elizabeth Johnson, marine biologist, policy expert, writer, and co-founder of the non-profit think tank Urban Ocean Lab, will take the Greenbuild stage on Friday, September 29 at 11:00 a.m. EST.