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.
Harrisburg, PA, August 11, 2023-Frontier Surfaces has acquired Builder Flooring Solutions (BFS), a Pennsylvania-based contract flooring company that services builders, developers, and multifamily property owners.
Chattanooga, TN, August 10, 2023—Importing LVT from Asia continues to be a source of frustration for several major importers, as roughly $200 million (at wholesale value) has been either quarantined or returned to the sender.
Washington, DC, August 10, 2023-The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2% in July on a seasonally adjusted basis, the same increase as in June, the U.S. Bureau of Labor Statistics reported.
New York, NY, August 10, 2023—"Three major factors are shaping the oil market in 2023. Two of them helped push U.S. crude on Wednesday to its highest price of the year,” according to the Wall Street Journal.
Washington, DC, August 10, 2023—Rising home prices and interest rates coupled with elevated construction costs, low existing inventory and solid demand resulted in a significant decline in housing affordability during Q2 2023.
Washington, DC, August 10, 2023—In the week ending August 5, the advance figure for seasonally adjusted initial claims was 248,000, an increase of 21,000 from the previous week's unrevised level of 227,000, according to the Department of Labor.
Cartersville, GA, August 10, 2023-Shaw Contract unveiled StudioOne, a customized and curated suite of design services.
Roanoke, VA, August 9, 2023—LL Flooring reported net sales of $236.4 million for Q2 2023, a decrease of 20.9% from Q2 2022’s $299 million, driven by a decrease in transaction count reflecting by lower spending by consumers and pros.
Washington, DC, August 9, 2023— For the week that ended August 4, mortgage applications fell 3.1% from the prior week, according to data from the Mortgage Bankers Association.
London, UK, August 9, 2023-Cyncly, a global provider of software and content solutions, announced the launch of its RFMS Next initiative to modernize business management in the flooring industry.