Dodge Momentum Index Rose 10.4% in June
Bedford, MA, July 15, 2024—The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased by 10.4% in June to 198.6 (2000=100) from the revised May reading of 179.9.
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.
WCCV Floorcoverings Joins Starnet
Columbus, OH, July 15, 2024-WCCV Floorcoverings has joined Starnet.
Carpetright, Largest Flooring Retailer in UK, at Risk of Default
Purfleet-on-Thames, UK, July 15, 2024-"Carpetright, one of the UK’s biggest flooring retailers, has filed a notice of intention to appoint an administrator, putting 1,800 jobs at risk as it races to secure extra funding,” reports The Guardian.
Construction Input Prices Declined 0.3% in June
Washington, DC, July 12, 2024-Construction input prices fell 0.3% in June compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data.
Producer Prices Rose 0.2% in June
Washington, DC, July 12, 2024—The Producer Price Index for final demand advanced 0.2% in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Early July Consumer Sentiment Relatively Flat from June, Down 7.7% YOY
Ann Arbor, MI, July 12, 2024-Consumer sentiment declined 3.2% to 66.0, according to preliminary results from the University of Michigan Survey of Consumers.
Imports of Engineered Hardwood Rose in Early 2024
Washington, DC, July 12, 2024—Year-to-date through May, U.S. imports of engineered wood flooring were up by more than 12% in value and 7.6% in volume, according to the Decorative Hardwoods Association.
FEI Forms Advisory Board
Marietta, GA, July 12, 2024—FEI Group has announced the formation of a new advisory board as part of its ongoing organizational development.
Multifamily Activity Down 35% in Last Ten Months
Charlotte, NC, July 12, 2024—Truist has issued the following report on the multifamily market, “The decline in multifamily start activity has been ongoing since last year with a 35% decline the last ten months with indications that the build rate is going to an even lower level.
Time's 2024 Best Midsize Companies List Includes Two in Flooring
New York, NY, July 12, 2024-Time Magazine and Statista have released their 2024 list of America’s Best Midsize Companies with two flooring or flooring-related companies included on the list.