U.S. Employers Looking to Hire Despite Economic Challenges
New York, NY, August 3, 2022—In spite of a challenging economy, many U.S. businesses are still looking to hire, reports the Wall Street Journal.
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 Rose 1.2% in Week Ending July 29
Washington, DC, August 3, 2022-Mortgage applications increased 1.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 29, 2022.
Gas Prices Approach $4/Gallon After Falling for 7 Weeks
Washington, DC, August 3, 2022—U.S. gas prices have fallen for seven straight weeks and are approaching an average price of $4 a gallon, easing the pain of record-high fuel costs amid shrinking global demand for oil, reports the Wall Street Journal.
Stanton Adds Tile Offering with Acquisition of Floors 2000
Woodbury, NY, August 12 2022--Stanton Carpet Corporation has acquired Floors 2000. Floors 2000 is an importer and distributor of porcelain tile and LVP, serving the residential market.
Job Openings Declined to 10.7M in June
Washington, DC, August 2, 2022--The number of job openings decreased to 10.7 million on the last business day of June, a 5% decline from May's 11.3 million, the U.S. Bureau of Labor Statistics reported.
Swiff-Train Restructures to Emphasize Builder/Multifamily Offering
Houston, Texas – Swiff-Train Company (STC) announces a sales personnel restructure to emphasize builder/multifamily service.
Three Top Brands to Open 370 Hotels in 2022
Portsmouth, NH, August 2, 2022-The franchise company leading the United States hotel construction pipeline is Marriott International with 1,355 projects/167,034 rooms, up 4% by projects year-over-year (YOY), according to the Q2 2022 United States Construction Pipeline Trend Report from Lodging Econometrics (LE).
Floor Covering B2B Association Announces Details of Sept. Meeting
Dalton, GA, August 2, 2022-Details of the Floor Covering Business to Business Association (FcB2B), part of WFCA annual meeting have been announced. The event will be held September 19 to 21 at the Embassy Suites Hotel near the Nashville Airport.
Construction Spending Inched Down 1.1% in June
Washington, DC, August 1, 2022—Construction spending during June 2022 was estimated at a seasonally adjusted annual rate of $1,762.3 billion, 1.1% below the revised May estimate of $1,781.9 billion, according to the U.S. Census Bureau.
U.S. Imports of Hardwood Plywood Surge
Washington, DC, August 1, 2022—U.S. imports of hardwood plywood have surged, though the growth rate is slowing overall, reports the Decorative Hardwoods Association.