Global Investing Firm KKR Acquires 50% Stake in Välinge
Viken, SW, February 9, 2016—Global investor KKR has signed three agreements to acquire a combined 50% stake in Välinge, according to Reuters.
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.
Optimism Declines Among Small Business Owners
Washington, DC, February 10, 2016—The Index of Small Business Optimism fell 1.3 points in January to 93.9, the lowest level since February 2014.
Armstrong Lays Groundwork for Separation of Flooring Business
Lancaster, PA, February 9, 2016—Armstrong World Industries has announced plans to refinance its existing credit agreement in conjunction with and subject to the completion of the planned separation of the company's flooring business.
Foreclosure Rate Down 2.4% in December, says CoreLogic
Irvine, CA, February 9, 2016—There were 32,000 completed foreclosures nationally in December 2015, down from 41,000 in December 2014, according to CoreLogic’s National Foreclosure Report.
December Wholesale Sales & Inventories Tick Downward
Washington, DC, February 9, 2016—December 2015 sales of merchant wholesalers were $440.0 billion, down 0.3% from the revised November level and down 4.5% from the December 2014 level, according to the U.S. Census Bureau.
Number of Job Openings Increased in December
Washington, DC, February 9, 2016—The number of job openings increased to 5.6 million on the last business day of December, the U.S. Bureau of Labor Statistics has reported.
Armstrong Announces Price Increase in Canada
Lancaster, PA, February 9, 2016—Armstrong announced that it will initiate a price increase for select residential sheet, residential tile, laminate, hardwood, installation and maintenance and sample products effective with shipments on April 1.
Construction Unemployment Falls to 17-Year Low
Arlington, VA, February 8, 2016—Construction firms added 18,000 workers in January, as the industry's unemployment rate declined to a 17-year low of 8.5%, according to the Associated General Contractors of America.
Registration for Dwell on Design Now Open
Los Angeles, CA, February 8, 2016—Registration is now open for the Los Angeles Dwell on Design, which will take place June 24 to 26 at the Los Angeles Convention Center.
Attendance for NAHB's International Builders' Show Announced
Washington, DC, February 8, 2016—More than 110,000 housing industry professionals packed the aisles at Design & Construction Week held January 19 to 22 in Las Vegas, Nevada.