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.
Washington, DC, February 15, 2021-Soaring lumber prices are adding thousands of dollars to the cost of a new home, pricing out millions of potential homebuyers and impeding the residential construction sector from moving the economy forward, according to the National Association of Home Builders (NAHB).
High Point, NC, February 15, 2021-- Mannington Mills has sold its hardwood manufacturing facility in High Point for $1 million.
Charlotte, NC, February 15, 2021—Huber Engineered Woods has introduced a new brand to join AdvanTech subfloor assembly and ZIP System building enclosure products with Exacor Magnesium-Oxide (MgO) panels.
Calhoun, Ga, February 12, 2021-Mohawk Industries announced net sales for Q4 2020 were $2.6 billion, an increase of 9.0% from Q4 2019’s $2.4 billion. Q4 2020 net earnings were $248 million, a 6.5% decrease compared to $265 million in Q4 2019.
Washington, DC, February 12, 2021-Regulatory and supply-side challenges coupled with slowing rent growth and rising vacancy rates will weaken the multifamily construction market in 2021, according to economists from the National Association of Home Builders (NAHB). However, the development market should stabilize by 2022.
Ann Arbor, MI, February 12, 2021—Consumer sentiment slid 3.5% to 76.2 in early February, according to the University of Michigan Survey of Consumers.
Washington, DC, February 12, 2021-The latest emergency Coronavirus relief package, the Consolidated Appropriations Act of 2020 (CAA) passed on December 21, 2020, reverses some of the Tax Cuts and Jobs Act (TCJA) meals and entertainment changes and provides a temporary full deduction of certain business meals.
Dalton, GA, February 11, 2021-Shelby Peeples, 85, flooring industry entrepreneur, died February 10.
Calhoun, GA, February 11, 2021-Mohawk Industries has announced the appointment of James F. Brunk as chief financial officer, effective April 1.
Dalton, GA, February 11, 2021-World Floor Covering Association (WFCA) announces Pami Bhullar of The Dixie Group as the inaugural recipient of the WFCA Luminary Award