Q2 GDP Declined 0.6%, According to Third Estimate
Washington, DC, September 29, 2022—Real gross domestic product (GDP) decreased at an annual rate of 0.6% in Q2 2022, according to the third estimate released by the Bureau of Economic Analysis.
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.
Mohawk Partners on School Crashers Program for Ninth Year
Dalton, GA, September 6, 2022-Since the first School Crashers program nearly a decade ago, Mohawk Industries’ commercial flooring division and Georgia United Foundation have worked together to refresh learning spaces and facilitate renovations in underserved public schools.
NTCA Offerings Workshops in 10 States During October
Flowood, MS, September 29, 2022—In October, National Tile Contractors Association (NTCA) brings 19 free workshops to ten states: Minnesota, New Jersey, California, South Carolina, Maryland, Georgia, Virginia, Indiana, Wisconsin and Kentucky.
Ceramics of Italy Competition Accepting Submissions for 2023
New York, NY, Spetember 29, 2022—The Ceramics of Italy Tile Competition is officially accepting submissions for the 2023 edition.
CCA Global Raises $242,415 for Tunnels to Towers Foundation
Manchester, NH, September 29, 2022—CCA Global Partners announced that $242,415 was raised for Tunnels to Towers Foundation following yesterday’s Tunnels To Towers 5K in New York City.
Pending Home Sales Declined 2% in August
Washington, DC, September 28, 2022—The Pending Home Sales Index fell 2.0% to 88.4 in August, according to the National Association of Realtors. Year-over-year, pending transactions dwindled by 24.2%. An index of 100 is equal to the level of contract activity in 2001.
NWFA Program Identifies Engineered Wood Flooring That Is Refinishable
St. Louis, MO, September 28, 2022-The National Wood Flooring Association (NWFA) has launched the NWFA Engineered Wood Flooring Refinishable Program, which identifies engineered wood flooring products with wearlayers thick enough to be sanded and refinished.
Soft Lumber Prices Fall to Pre-Pandemic Rate
New York, NY, September 28, 2022-"Lumber prices have fallen to their lowest level in more than two years, bringing two-by-fours back to what they cost before the pandemic building boom and pointing to a sharp slowdown in construction,” according to the Wall Street Journal.
Ownership of Mercier Passes to a New Generation
Montmagny, Quebec, September 28, 2022-As of May 27, Sébastien Mercier and Jean-Philippe Dumas, sons of Richard Mercier and Marielle Mercier, respectively, officially took over from their parents as the new business owners of Mercier Wood Flooring.
China's Yuan Hits Weakest Level Against Dollar in 14 Years
New York, NY, September 28, 2022—"China’s central bank warned market participants against speculating on the yuan, after the currency slid to its weakest level against the dollar in more than 14 years and hit a record low in international trading,” according to the Wall Street Journal.