Architecture Billings Dip Slightly in May but Remain Positive
Washington, DC, June 24, 2022-The Architecture Billings Index (ABI) score for May was 53.5, according to a report from The American Institute of Architects (AIA).
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.
New-Home Sales Rose 10.7% in May
Washington, DC, June 24, 2022—Sales of new single-family houses in May 2022 were at a seasonally adjusted annual rate of 696,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development, 10.7% above the revised April rate of 629,000 but 5.9% below the May 2021 estimate of 740,000.
Consumer Sentiment Declined 14.4% to 50.0 in June
Ann Arbor, MI, June 24, 2022—Consumer sentiment declined 14.4% in June to 50.0, according to final results from the University of Michigan Survey of Consumers.
Shaw & Mohawk Announce Price Increases on Select Products
Dalton, GA, June 23, 2022-Shaw and Mohawk have both announced price increases.
Jobless Claims Declined to 229K in Week Ending June 18
Washington, DC, June 23, 2022-In the week ending June 18, the advance figure for seasonally adjusted initial claims was 229,000, a decrease of 2,000 from the previous week's revised level, according to the Department of Labor.
Material Bank Acquires Architizer
New York, NY, June 23, 2022-Material Bank, the overnight sample distribution company for architectural, design, and construction materials, announces the acquisition of Architizer.
Housing Market Slows Due to Inflated Values & Higher Interest Rates
Cambridge, MA, June 23, 2022-After a record-shattering year in 2021, the housing market is at an inflection point
Thomas Coates Named CA Carpet Stewardship Program Director
Dalton, GA, June 23, 2022-Thomas Coates has been named the new California Carpet Stewardship program director, starting July 5.
Construction Connectivity Launches Floorcloud Tech Platform
Boston, MA, June 23, 2022—Floorcloud, a technology platform developed and tested over the past two years to improve jobsite quality control, has been launched by Construction Connectivity.
Confindustria Ceramica Signs Memorandum w/ Germany to Increase Clay Imports
Sassuolo, IT, June 23, 2022-A memorandum of understanding was signed today in Munich, Germany between Confindustria Ceramica, the Italian association of ceramic manufacturers, and BKRI, the German association of producers of raw materials for ceramics and industrial minerals (Bundesverband Keramische Rohstoffe und Industrieminerale).