Architecture Billings Index Rose to 58.5 in May
Washington, DC, June 23, 2021—Demand for design services from U.S. architecture firms continues to grow at a vigorous pace, according to a report from The American Institute of Architects (AIA).
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.
Cali Acquired by U.K.'s Victoria
Worcestershire, UK, June 24, 2021-Victoria, England-based designers, manufacturers and distributors of flooring, announced the further expansion of its existing North American distribution business with the acquisition of Cali Bamboo Holdings.
GDP Steady at 6.4% in Q1, According to Third Estimate
Washington, DC, June 24, 2021—Real gross domestic product (GDP) increased at an annual rate of 6.4% in the first quarter of 2021, according to the third estimate released by the Bureau of Economic Analysis.
Shannon Cochran Named Patcraft Brand Leader
Dalton, GA, June 24, 2021—Shaw Industries has named Shannon Cochran the new Patcraft brand leader, effective immediately.
Durable Goods Orders Rose 2.3% in May
Washington, DC, June 24, 2021-- New orders for manufactured durable goods in May increased $5.7 billion or 2.3% to $253.3 billion, the U.S. Census Bureau announced.
Initial Jobless Claims Slid 7,000 to 411,000 in Third Week of June
Washington, DC, June 24, 2021—In the week ending June 19, the advance figure for seasonally adjusted initial claims was 411,000, a decrease of 7,000 from the previous week's revised level, according to the Department of Labor.
Teknoflor Receives Vizient Environmentally Preferred Contract
Milwaukee, WI, June 24, 2021—Teknoflor, a supplier of high-performance commercial flooring, has received an environmentally preferred contract from Vizient, Inc., the nation’s largest member-driven health care performance improvement company.
Ecore Announces Name Changes on Athletic Collections/Products
Lancaster, PA, June 24, 2021—Ecore has announced some changes in the way the company refers to two of its Ecore Athletic collections and products.
May New Home Sales Down 5.9% from April, but Up 9.2% YOY
Washington, DC, June 23, 2021—Sales of new single-family houses in May 2021 were at a seasonally adjusted annual rate of 769,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 5.9% below the revised April rate of 817,000 but 9.2% above the May 2020 estimate of 704,000.
Mortgage Applications Rose 2.1% in Third Week of June
Washington, DC, June 23, 2021—Mortgage applications increased 2.1% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June 18, 2021.