Bid Deadline for Armstrong Assets Pushed Back Until June 23
Lancaster, PA, June 14, 2022--Armstrong's bid deadline for North American assets has been extended from June 14 until June 23.
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.
Builder Confidence in Housing Market Declined 2 Points to 67 in June
Washington, DC, June 15, 2022—In a troubling sign for the housing market, builder confidence in the market for newly built single-family homes posted its sixth straight monthly decline in June, falling two points to 67, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released.
Mortgage Applications Down 6.6% in Week Ending June 10
Washington, DC, June 15, 2022—Mortgage applications increased 6.6% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 10, 2022.
NTCA Adding New Training Module: Thick-Bed Installations
Flowood, MS, June 15, 2022—The National Tile Contractors Association (NTCA) is launching a new training module in its regional training program: thick-bed installations. This program will debut at America’s Floor Source in Columbus, Ohio on August 26.
All Tile Carpet Cushion & Supplies to Distribute Uzin & Wolff Tools
Aurora, CO, June 15, 2022—Uzin Utz North America announced today that All Tile Carpet Cushion & Supplies (CCS) will distribute its Uzin and Wolff Tools product ranges throughout select markets.
Distributive Trade Sales Rose 0.4% in April, Up 13.7% YOY
Washington, DC, June 15, 2022—The combined value of distributive trade sales and manufacturers’ shipments for April was estimated at $1,813.9 billion, up 0.4% from March 2022 and was up 13.7% from April 2021, according to the U.S. Census Bureau.
Biden Considering Removal of Section 301 Tariffs
Washington, DC, June 15, 2022—President Biden is closing in on a decision to lift some tariffs on Chinese imports, as he looks for ways to address record inflation and grapples with pressure from labor unions to keep the sanctions in place, reports the Wall Street Journal.
Small Business Owners' Future Expectations at 48-Year Low
Washington, DC, June 14, 2022—The NFIB Optimism Index fell 0.1 points in May to 93.1, marking the fifth consecutive month below the 48-year average of 98.
BASF Announces 5th Price Increase of 2022
Wyandotte, MI, June 14, 2022 – Effective July 1, 2022, or as contracts allow, BASF will increase prices for caprolactam and polyamide 6 (PA6) by $0.22 per pound in North America.
May Producer Prices Rose 0.8%
Washington, DC, June 14, 2022—The Producer Price Index for final demand increased 0.8% in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.