JR Foster Joining Spartan Surfaces
Bel Air, MD, March 21, 2022— John Robert (JR) Foster has joined Spartan Surfaces in the Carolinas, effective March 7, taking on a business development role alongside Shawn Campbell. Foster.
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.
Rising Fuel Prices Stressing Small Business Owners
New York, NY, March 21, 2022—Rising fuel prices are taking a toll on small businesses, prompting owners of everything from furniture retailers to swimming-pool service companies to trim services and revise contracts as they try to soften the financial hit, reports the Wall Street Journal.
Armstrong Awards 98 Brass Ring Awardwinners
Lancaster, PA, March 21, 2022—Armstrong Flooring recently awarded its latest round of Brass Ring Awards for excellence amongst elite commercial contractors, awarding 98 contractors with Brass Ring Awards in 2021.
Average Mortgage Rate Tops 4% for the First Time Since May 2019
Washington, DC, March 18, 2022—The era of ultralow mortgage rates is over, reports the Wall Street Journal.
Existing Home Sales Declined 7.2% in February
Washington, DC, March 18, 2022—Total existing-home sales sank 7.2% from January to a seasonally adjusted annual rate of 6.02 million in February, according to the National Association of Realtors.
Mohawk Announces Another Price Increase, Effective April 4
Calhoun, GA, March 18, 2022—Mohawk announced that it will be raising prices a minimum of $0.27 per square yard on soft surfaces and 4% to 6% on hard surfaces, accessories, cushion and mainstreet commercial styles.
DeGrace Retiring as President of Foss Floors, Warren Stepping In
Roma, GA, March 18, 2022—After serving 16 years as president of Foss Manufacturing (dba Foss Floors), industry veteran Mike DeGrace has announced his retirement from a flooring career that spans some 50 years.
Material Bank Acquires Amber Engine
New York, NY, March 18, 2022-Material Bank-a marketplace for searching, sampling, and specifying architecture, design, and construction materials-has announced the acquisition of Amber Engine, a software development company with a mission to democratize the product information management (PIM) space.
Housing Worth for Mid-Income Households Rose $2.1T Between '10 & '20
Washington, DC, March 18, 2022-A study from the National Association of Realtors-Housing Wealth Gains for the Rising Middle-Class Markets-examines the distribution of housing wealth between 2010 and 2020 across income groups and in 917 metropolitan or micropolitan areas.
Housing Starts Rose 22.3% YOY in February
Washington, DC, March 17, 2022—Privately-owned housing starts in February were at a seasonally adjusted annual rate of 1,769,000, 6.8% above the revised January estimate of 1,657,000 and 22.3% above the February 2021 rate of 1,447,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced.