Landmark Ceramics Cuts Ribbon on $70M Plant Expansion
Mt. Pleasant, TN, March 25, 2024—Landmark Ceramics cut the ribbon on a $70 million plant expansion March 22.
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.
Taski Now Offering U.S.-Made Floor Care Machines
Toledo, OH, March 25, 2024—Taski announces the launch of U.S. manufacturing for its Swiss-designed floor care machines.
Michael Halebian & Co. to Open Rochester, NY Branch
Rochester, NY, March 22, 2024-Michael Halebian & Co., (MHCO) announces the opening of a full-service branch location in Rochester, New York.
Mortgage Rates Expected to Remain High Even After Fed Cuts Rates
New York, NY, March 22, 2024-"Interest rates are likely to come down later this year, with the Federal Reserve on track to start cutting rates. But mortgage rates might not follow as quickly,” according to the Wall Street Journal.
NWFA Names 40 New Certified Professionals
St. Louis, MI, March 22, 2024—Forty individuals completed the National Wood Flooring Association's (NWFA) Certified Professionals program between September 1 and December 31, 2023.
Decorative Hardwood Assoc. Spring Conference Slated for May in AZ
Sterling, VA, March 22, 2024—The Decorative Hardwood Association’s 2024 spring conference and 103rd annual meeting will be held May 14 to 16 in Scottsdale, Arizona.
Existing-Home Sales Rose 9.5% in February
Washington, DC, March 21, 2024—Total existing-home sales bounced 9.5% from January to a seasonally adjusted annual rate of 4.38 million in February, according to the National Association of Realtors.
Total Construction Starts Down 8% in Feb., Led by Commercial Decline
Bedford, MA, March 21, 2024—Total construction starts fell 8% in February to a seasonally adjusted annual rate of $1.07 trillion, according to Dodge Construction Network.
Fed Faces Interest Rate Conundrum
New York, NY, March 21, 2024—"The Federal Reserve is still aiming to lower interest rates later this year, and for many U.S. households and small businesses those rate cuts can’t come soon enough,” reports the Wall Street Journal. “But for big companies able to tap the corporate bond market, and for investors riding a rising stock market, relief from the Fed doesn’t seem all that necessary.
Myers Carpet Opens New Location in Atlanta
Atlanta, GA, March 21, 2024—Myers Carpet Company announces the opening of a new floorcovering store in Atlanta, Georgia, located at 926 Chattahoochee Avenue, N.W.