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.
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.
Manufacturing Index Registered 52.8% in July
Tempe, AZ, August 1, 2022—The July Manufacturing Purchasing Managers Index (PMI) registered 52.8%, down 0.2 percentage point from the reading of 53% in June, say the nation's supply executives in the latest Manufacturing ISM Report On Business.
Armstrong Flooring Pays $1M for Right to Use Armstrong Brand Name
Lancaster, PA, August 1, 2022-In a settlement filed July 29, Armstrong Flooring Inc. (AFI) agreed to pay $1 million to Armstrong World Industries (AWI) for the right to use to the Armstrong brand name.
Mohawk's Q2 Sales Up 7%, Earning Down 17%
Calhoun, GA, July 29, 2022-Mohawk Industries announced Q2 2022 net sales of $3.2 billion, an increase of 7% over Q2 2021’s $3.0 billion. For Q2 2022, net earnings were $280 million, a 17% decline compared to Q2 2021’s $336 million.
Consumer Sentiment Rose 3% to 51.5 in July
Ann Arbor, MI, July 29, 2022—Consumer sentiment rose 3% to 51.5 in July, according to final results from the University of Michigan’s Survey of Consumers.
Mortgage Rate Falls to 5.3% in Last Week of July
Washington, DC, July 29, 2022-Mortgage rates fell after rising for two straight weeks, another indication that recession concerns are impacting the U.S. housing market, reports the Wall Street Journal.
Personal Income Increased 0.6% in June, Spending Up 1.1%
Washington, DC, July 29, 2022-Personal income increased $133.5 billion (0.6%) in June, according to estimates released by the Bureau of Economic Analysis.
Bentley Names Holly Holton Global Director of Sustainability
Los Angeles, CA, July 29, 2022-Bentley Mills has appointed Holly Holton as global director of sustainability.
Galleher Forms Distribution Partnership with Portamix
Santa Fe Springs, CA, July 29, 2022 – Galleher announced a distribution partnership with New Zealand-based Portamix, manufacturer of the Hippo and Pelican lines of mixing equipment for self-leveling floor coating.
Unilin Introduces Technology Focussed on Underfoot Comfort
Waregem, Belgium, July 29, 2022—Comfort Core Technology, which creates a soft, comfort-first feel, was developed by Pelican Creations Home and Unilin Technologies in the beginning of the year.