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.
Washington, DC, March 2, 2023—While the U.S. homeownership rate has continually increased during the last decade—to 65.5% in 2021 (from 64.7% in 2011)—the Black homeownership rate has not kept pace with increases of other racial groups.
Washington, DC, March 2, 2023—In the week ending February 18, the advance figure for seasonally adjusted initial claims was 192,000, a decrease of 3,000 from the previous week's revised level, according to the Department of Labor.
Dalton, GA, March 2, 2023— The Manufacturing Institute—the workforce development and education partner of the National Association of Manufacturers—announced that Shaw Industries’ Ingrid Redmon, director of project management, has been named a 2023 Women MAKE Awards Honoree.
Hamont, Belgium, March 2, 2023—I4F, a group of companies providing patents and technologies to the flooring industry, announced that Julie Pageot assumes the role of commercial director for Europe for I4F.
Columbus, OH, March 2, 2023—The Oxley Group announced its new partnership with Starnet as a preferred service provider.
Roanoke, VA, March 1, 2023—LL Flooring, formerly Lumber Liquidators, has announced net sales of $263.9 million for Q4 2022, a 7.5% decline compared to Q4 2021’s $285.3 million. Total comparable store sales decreased 9.5% versus the same period last year.
Mooresville, NC, March 1, 2023-Lowe’s announced Q4 2022 sales were $22.4 billion, a 5% increase compared to $21.3 billion in Q4 2021.
Washington, DC, March 1, 2023—Construction spending during January 2023 was estimated at a seasonally adjusted annual rate of $1,825.7 billion, 0.1% below the revised December estimate of $1,827.5 billion, according to the U.S. Census Bureau.
Tempe, AZ, March 1, 2023-The February Manufacturing Purchasing Managers Index (PMI) registered 47.7%, 0.3 percentage point higher than the 47.4% recorded in January.
Washington, DC, March 1, 2023—Mortgage applications decreased 5.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 24, 2023.