DOL Issues Updated Independent Contractor Rule
San Francisco, CA, February 20, 2024—"On January 6, 2021, the U.S. Department of Labor (DOL) finalized its highly anticipated independent contractor rule” reports Littler.
Today's Flooring News
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Homeownership Rates for Minorities Rise, Though Hurdles Remain
Washington, DC, February 20, 2024—Homeownership rates for racial minorities increased in 2022, with Asian and Hispanic Americans achieving historic peaks.
Hardwood Floors Most Desired Feature in Homes
New York, NY, February 12, 2024-Hardwood floors are the most sought-after feature in a home, reports Yahoo News.
Domotex Asia/Chinafloor Adds New Shareholder
Shanghai, China, February 20, 2024—Advent International, a private equity investor, has announced its investment in VNU Exhibitions Asia, a host of exhibitions and conferences in China, including Domotex Asia/Chinafloor.
Durkan's 2024 DSCVR Student Competition Now Accepting Entries
Calhoun, GA, February 17, 2024—Durkan Mohawk Group Hospitality, in partnership with the Network of the Hospitality Industry (NEWH), has announced the return of its DSCVR Student Design Competition.
Homeowners Staying in their Homes Twice as Long as in 2005
Seattle, WA, February 19, 2024—The typical U.S. homeowner has spent 11.9 years in their home, up from 6.5 years two decades ago, according to Redfin.
Phoenix to Overtake Dallas-Fort Worth for New Industrial Construction
Dallas, TX, February 19, 2024-This year, Phoenix, Arizona will overtake Dallas-Fort Worth, Texas as the top spot for industrial construction, reports The Dallas Morning News.
Consumer Sentiment Rose 0.8% in Early February, Up 19% YOY
Ann Arbor, MI, February 16, 2024—Consumer sentiment rose 0.8% to 79.6 in early February, according to preliminary results from the University of Michigan Survey of Consumers.
Housing Starts Declined 14.8% in January, Driven by Multifamily Weakness
Washington, DC, February 16, 2024-Privately-owned housing starts in January were at a seasonally adjusted annual rate of 1,331,000, 14.8% below the revised December estimate of 1,562,000 and is 0.7% below the January 2023 rate of 1,340,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced.
Producer Prices Rose 0.3% in January
Washington, DC, February 16, 2024—The Producer Price Index for final demand increased 0.3% in January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.