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.
New York, NY, August 11, 2023-For the first time, India became the largest ceramic tile supplier of the U.S. by units in the time period between January and June, reports Grosser Associates.
Washington, DC, August 10, 2023-Almost 60% of metro markets (128 out of 221) registered home price gains in Q2 2023 as 30-year fixed mortgage rates oscillated between 6.28% and 6.71%, according to the National Association of Realtors' latest quarterly report.
Washington, DC, August 11, 2023-The value of U.S. imports of multilayered wood flooring grew by 11% last year, according to the Decorative Hardwood Association.
Washington, DC, August 11, 2023—The Producer Price Index for final demand increased 0.3% in July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
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.