Google to Invest Heavily in Office Space Post-Pandemic
New York, NY, March 19, 2021—Google says it is doubling down on the office, 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.
Tufco Flooring Sponsoring Race Car
Siloam Springs, AR, March 19, 2021—Tufco Flooring will be on the No.78 B.J. McLeod Motorsports Chevy Camaro this weekend, piloted by Jesse Little at the Nascar Xfinity race at the Atlanta Motor Speedway, according to the Speedway Digest.
Millennials Account for Largest Share of Homebuyers at 37%
Washington, DC, March 18, 2021-The popularity of multigenerational homes increased over the last year, as a rising number of homebuyers purchased larger residences compared to prior years, including millennials who continue to make up the largest share of homebuyers at 37%.
Custom Residential Designers Have Fared Well in Pandemic, Reports AIA
Washington, DC, March 18, 2021-Despite the negative economic impact of the pandemic on the design and construction sector, custom residential architects have fared surprisingly well, according to new data from the American Institute of Architects (AIA) Home Design Trends Survey, focusing on kitchens and bathrooms.
FloorTek 2021 Slated for September 14 & 15
Dalton, GA, March 18, 2021-American Floorcovering Alliance announces dates for FloorTek Expo 2021; the event will be held September 14 to 15 at the Dalton Convention Center in Dalton, Georgia.
World-wide Supply Chain Woes Impacting Marketplace, Says WSJ
New York, NY, March 18, 2021--Supply chain woes mounted world-wide for makers of everything from cars and clothing to home siding and medical needle containers, as the extreme Texas weather and port backlogs compounded problems for manufacturers already beset by pandemic disruptions, reports the Wall Street Journal.
NAHB Forms Diversity, Equity and Inclusion Task Force
Washington, DC, March 18, 2021—The National Association of Home Builders (NAHB) has formed a Diversity, Equity and Inclusion (DEI) Task Force.
Initial Jobless Claims Rose by 45K to 770K in Second Week of March
Washington, DC, March 18, 2021—In the week ending March 13, the advance figure for seasonally adjusted initial claims was 770,000, an increase of 45,000 from the previous week's revised level, according to the Department of Labor.
Building Material Prices Surging
New York, NY, March 17, 2021-Prices are surging for the raw materials used to build American homes, reports the Wall Street Journal.
Housing Starts Slid 10.3% in February
Washington, DC, March 17, 2021-Privately-owned housing starts in February were at a seasonally adjusted annual rate of 1,421,000, 10.3% below the revised January estimate of 1,584,000 and 9.3% below the February 2020 rate of 1,567,000, according to the U.S. Census Bureau.