Labor Productivity Rose 5.2% in Q3
Washington, DC, December 6, 2023—Nonfarm business sector labor productivity increased 5.2% in Q3 2023, the U.S. Bureau of Labor Statistics reported, as output increased 6.1% and hours worked increased 0.9%.
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.
SCI Flooring Acquires United Carpet
Hazelwood, MO, December 5, 2023-United Carpet has been acquired by SCI Flooring. SCI is owned by Seattle-based Rainier Partners.
Exurban Areas Continued to Lead in Homebuilding in Q3
Washington, DC, December 5, 2023-For the third consecutive quarter, single-family growth rates were negative for all geographic sectors of the nation, as exurban areas posted the largest increase in marketshare for both single-family and multifamily construction, according to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for Q3 2023.
Unilin Settles Intellectual Property Lawsuit with Floors@Work
Waregem, Belgium, December 5, 2023—Unilin Technologies, the IP division of Unilin, announces the successful resolution of a longstanding intellectual property court case with Floors@Work, a Canadian importer and retailer of flooring products.
Raskin Names Todd Johnson VP of Strategic Business Development
Boca Raton, FL, December 5, 2023-Todd Johnson has been named vice president of strategic business development for Raskin Industries.
I4F Celebrating 10 Years of Business
Turnhout, Belgium, December 5, 2023—I4F is celebrating ten years of business.
Lauren Rottet Named Architect of the Year by Zonda
Los Angeles, CA, December 5, 2023—Lauren Rottet, president and founding principal of Rottet Studio, has been named architect and designer of the year by Zonda.
Job Openings Declined to 8.7 Million in October
Washington, DC, December 5, 2023—The number of job openings decreased to 8.7 million on the last business day of October, the U.S. Bureau of Labor Statistics reported.
Construction Employment Rose in 63% of Metro Areas YOY in October
Washington, DC, December 4, 2023-Construction employment, not seasonally adjusted, rose year over year (YOY) from October 2022 in 226 (63%) of the 358 metro areas (including divisions of larger metros) for which the Bureau of Labor Statistics posts construction employment data, fell in 54 (15%), and was unchanged in 78, according to an analysis Associated General Contractors (AGC) released.
New Orders for Manufactured Goods Declined 3.6% in October
Washington, DC, December 4, 2023—New orders for manufactured goods in October, down following two consecutive monthly increases, decreased $21.8 billion or 3.6% to $576.8 billion, the U.S. Census Bureau reported. This followed a 2.3% September increase.