Nourison Home Acquires J Mish Mills
Saddle Brook, NJ, June 26, 2024-Nourison Home has purchased J Mish Mills, a carpet manufacturer that specializes in wool floorcoverings that offer modern, unique and classic designs through applied patterns.
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.
SCI Flooring Acquires Carpetbaggers, Inc.
Seattle, WA, June 26, 2024—SCI Flooring, owned by Rainier Partners has announced its second add-on acquisition, Carpetbaggers, Inc.
Private Equity Firm KKR Invests $2.1 Billion in Multifamily Market
New York, NY, June 26, 2024—"KKR has completed its largest-ever purchase of apartment buildings, the latest in a string of big-ticket deals, signaling that some of the most prominent investment firms are betting on a broad rebound for multifamily housing,” reports the Wall Street Journal.
Chinese Container Rates Have Risen 112% Since November
Hamburg, DE, June 26, 2024— Container xChange has shared the following update on the container shipping industry:
Mortgage Applications Rose 0.8% in Week Ending June 21
Washington, DC, June 26, 2024—Mortgage applications increased 0.8% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 21, 2024.
Virginia Tile Acquired by Transom, Combining with Galleher
Los Angeles, CA, June 25, 2024—Transom Capital Group, a middle market private equity firm, has acquired Virginia Tile Company.
Home Prices Rose 6.4% in April, Says Case-Shiller
New York, NY, June 25, 2024—The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6.3% annual gain for April, down from an 8.3% annual increase in the previous month.
Tarkett Wins Hermes and Viddy Awards for Marketing Efforts
Solon, OH, June 25, 2024—Tarkett recently earned international recognition in two creative award competitions—the Hermes Creative Awards and the Viddy Awards.
Homebuyers Need Large Down Payment to Afford Monthly Cost
Seattle, WA, June 24, 2024—To comfortably afford a typical U.S. home, a homebuyer making the median income needs to put down nearly $127,750, or 35.4%, a new Zillow analysis shows.
CRI Announces Opposition to California's AB 863
Dalton, GA, June 24, 2024—The Carpet & Rug Institute (CRI) opposes California bill AB 863 (Aguiar-Curry), which unnecessarily threatens the entire flooring industry.