Artisan Design Group Acquires KB Kitchen & Bath
Dallas, TX, September 5, 2023-Artisan Design Group, a portfolio company of The Sterling Group, announced the acquisition of KB Kitchen & Bath.
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.
Mike Johnson Named VP of National Accounts for Dixie
Dalton, GA, September 5, 2023—The Dixie Group has announced the addition of Mike Johnson to the organization as vice president of national accounts, where he will lead the business with the buying groups and other national accounts.
Housing Slowdown Challenges Supporting Finish Industries
Charlotte, NC, September 5, 2023—“The market for doors, windows, and hardware has been challenged by the recent housing slowdown,” reports Truist Securities.
Construction Spending Rose 0.7% in July
Washington, DC, September 1, 2023—Construction spending during July 2023 was estimated at a seasonally adjusted annual rate of $1,972.6 billion, 0.7% above the revised June estimate of $1,958.9 billion, according to the U.S. Census Bureau.
MSI to Add Orlando Warehouse
Orlando FL, September 1, 2023-MSI International plans to build a warehouse in Orlando, Florida, reports the Orlando Business Journal.
Purchasing Managers’ Index Rose to 47.6% in August
Tempe, AZ, September 1, 2023—The August Manufacturing Purchasing Managers’ Index (PMI) registered 47.6%, 1.2 percentage points higher than the 46.4% recorded in July, according to the Manufacturing ISM Report On Business.
Nonfarm Employment Rose in August, Unemployment Up to 3.8%
Washington, DC, September 1, 2023—Total nonfarm payroll employment increased by 187,000 in August, and the unemployment rate rose to 3.8%, the U.S. Bureau of Labor Statistics reported.
Core Prices Rose at 2.1% Annualized Rate in July
Washington, DC, August 31, 2023-Personal income increased $45.0 billion (0.2% at a monthly rate) in July, according to estimates released by the Bureau of Economic Analysis.
NWFA Launches Scholarship in Paul Stringer's Name
St. Louis, MO, August 31, 2023-The National Wood Flooring Association (NWFA) has established an NWFA Named Scholarship for Paul Stringer, who retired from Somerset Hardwood earlier this year.
Global Hotel Construction Pipeline Rose 3% YOY in Q2
Portsmouth, NH, August 31, 2023-In the Q2 2023 global construction pipeline trend report from Lodging Econometrics (LE) analysts state that the total global construction pipeline stands at 14,572 projects/2,310,238, up 3% year-over-year (YOY) by projects and 1% YOY by rooms.