Producer Prices Increased by 0.4% in September
Washington, DC, October 12, 2022—The Producer Price Index for final demand increased 0.4% in September, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
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.
Mortgage Applications Declined 2% in Week Ending October 7
Washington, DC, October 12, 2022—Mortgage applications decreased 2.0% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 7, 2022.
AHF Products Netted $9.5M in Sale-Leaseback Real Estate Deal
Lancaster, PA, October 12, 2022-"AHF Products netted about $9.5 million in a sale-leaseback deal involving two former Armstrong Flooring properties it bought in this summer in a bankruptcy sale,” reports Lancaster Online.
Stephen Caldow Named Product Innovation Director for Torlys
Toronto, ON, October 12, 2022—Stephen Caldow has joined the Torlys team as product innovation director.
Karastan Will Host Celebrity Designers at High Point Market
Sugar Valley, GA, October 12, 2022—Karastan Rugs is returning to High Point Market, where its destination showroom will feature the latest styles and appearances from celebrities and leaders of designs, including the Scott Brothers, Jonathan and Drew; Bobby Berk; and Stacy Garcia.
President Biden Aims to Tighten "Independent Contractor" Classification
New York, NY, October 12, 2022-"The Biden administration introduced a new regulation Tuesday that would make it harder for employers to misclassify workers as ‘independent contractors’ to avoid minimum wage and overtime laws,” reports the Huffington Post.
Small Business Optimism Index Rose 0.3 in September to 92.1
Washington, DC, October 11, 2022—NFIB’s Small Business Optimism Index rose 0.3 points in September to 92.1, making the ninth consecutive month below the 48-year average of 98.
I4F Introduces AquaProtect, Water-Resistance for Laminate
Hamont, Belgium, October 11, 2022-I4F, a group of companies providing patents and technologies to the flooring industry, announced the introduction of AquaProtect, a patented technology developed by its IP partner Classen.
Laticrete Unveils Brand Promises Campaign
Bethany, CT, October 11, 2022-Laticrete, a manufacturer of globally proven construction solutions for the building industry, has launched its Brand Promises campaign, a company-wide initiative that builds upon the company’s legacy of research and development of innovative installation products, systems and solutions.
FCB2B Offers First Non-EDI Standard Product Catalog
Dalton, GA, October 11, 2022—FcB2B held its annual meeting last month in Nashville, where it unveiled the release of its first non-EDI (electronic data interchange) standard product catalog.