Armstrong Opens New Technical Center in Lancaster
Lancaster, PA, April 5, 2021-Armstrong Flooring celebrated the opening of its new technical center in Lancaster, Pennsylvania with a ribbon cutting ceremony this week.
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.
Build-to-Rent Investors Buying Home Inventory, Driving Up Prices
New York, NY, April 5, 2021-Investors are buying homes to use as rental units, driving up home prices and snatching up inventory in an already tight market, according to the Wall Street Journal.
Mohawk Earns WELL Health-Safety Rating for Commercial Showrooms
Calhoun, GA, April 5, 2021- Mohawk Group has officially achieved the WELL Health-Safety Rating for all of its commercial showrooms and design studios through the International WELL Building Institute (IWBI).
Jobless Claims Rise But Remain Near Levels at Pandemic Onset
Washington, DC, April 1, 2021–In the week ending March 27, the advance figure for seasonally adjusted initial claims was 719,000, an increase of 61,000 from the previous week's revised level, according to the U.S. Department of Labor.
Covestro Acquires DSM's Resins and Functional Materials
Leverkusen, Germany, April 1, 2021–German chemical manufacturer Covestro has announced its acquisition of DSM’s Resins and Functional Materials (RFM).
Construction Spending Down 0.8% in February
Washington, D.C., April 1, 2021–Construction spending during February 2021 was estimated at a seasonally adjusted annual rate of $1,516.9 billion, 0.8% below the revised January estimate of $1,529.0 billion, according to the U.S. Census Bureau.
CTDA, NAFCD Partner for Distributor Survey
Chicago, IL, April 1, 2021–The Ceramic Tile Distributors Association (CTDA) and North American Association of Floor Covering Distributors (NAFCD) have announced they will be collaborating for the 2021 CTDA-NAFCD Financial Benchmarking Report, which aims to optimize distributor performance in an environment of relentless pressure on profit margins.
February ISM Manufacturing Index Increased to 60.8%
Tempe, AZ, April 1, 2021–The February Manufacturing PMI registered 60.8%, an increase of 2.1 percentage points from the seasonally adjusted January reading of 58.7%. This figure indicates expansion in the overall economy for the ninth month in a row.
Southwest Flooring Market Begins Next Week
Arlington, TX, April 1, 2021–The Southwest Flooring Market gets underway next week, April 8 to 9, at the AT&T Stadium in Arlington, Texas.
Home Prices Rising at Fastest Pace in 15 Years
New York, NY, March 31, 2021–U.S. home prices are rising at the fastest pace in 15 years, reflecting how fiercely buyers are competing for a limited supply of homes in nearly every corner of the country, according to the Wall Street Journal.