Sika Acquires Stake in Startup Concrete Company
Baar, Switzerand, November 28, 2023-Sika acquires a stake of 30% in Concria Oy, a Finnish startup company specializing in concrete floors.
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.
Wow Designs Opens Third U.S. Distribution Center
Stafford, Texas, November 28, 2023—Spanish ceramic designer Wow Design has opened a new distribution center in Stafford, Texas.
October New Home Sales Down 5.6% from Sept. but Up 17.7% YOY
Washington, DC, November 27, 2023—Sales of new single-family houses in October 2023 were at a seasonally adjusted annual rate of 679,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development, 5.6% below the revised September rate of 719,000 but 17.7% above the October 2022 estimate of 577,000.
Mill Point Capital to Sell International Designs Group to Home Depot
Decatur, GA, November 22, 2023—Mill Point Capital, a private equity firm, entered into a definitive agreement to sell International Designs Group (IDG) to The Home Depot.
Wall Street Anticipating Interest Rate Cuts by Mid-Year
New York, NY, November 27, 2023-"Wall Street is gearing up for rate cuts,” reports the Wall Street Journal.
Surfaces 2024 Exhibit Space on Par with 2023
Las Vegas, NV, November 27, 2023-Industry manufacturers have secured their exhibit spaces at The International Surface Event (TISE): Surfaces|StonExpo|TileExpo for the January event.
Consumer Sentiment Declined 3.9% to 61.3 in November
Ann Arbor, MI, November 22, 2023—Consumer sentiment declined 3.9% to 61.3 in November, according to final results from the University of Michigan Survey of Consumers.
Mortgage Applications Rose 3% in Week Ending November 17
Washington, DC, November 22, 2023—Mortgage applications increased 3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 17, 2023.
Dodge Says Construction Starts Down 7% in Oct., Comml. Up 8%
Hamilton, NJ, November 21, 2023 - Total construction starts fell 7% in October to a seasonally adjusted annual rate of $1.1 trillion, according to Dodge Construction Network. Nonbuilding and residential starts fell 32% and 1%, respectively.
Durable Goods Orders Declined 5.4% in October
Washington, DC, November 22, 2023—New orders for manufactured durable goods in October, down three of the last four months, decreased $16.0 billion or 5.4% to $279.4 billion, the U.S. Census Bureau announced.