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.
Roma, GA, March 18, 2022—After serving 16 years as president of Foss Manufacturing (dba Foss Floors), industry veteran Mike DeGrace has announced his retirement from a flooring career that spans some 50 years.
New York, NY, March 18, 2022-Material Bank-a marketplace for searching, sampling, and specifying architecture, design, and construction materials-has announced the acquisition of Amber Engine, a software development company with a mission to democratize the product information management (PIM) space.
Washington, DC, March 18, 2022-A study from the National Association of Realtors-Housing Wealth Gains for the Rising Middle-Class Markets-examines the distribution of housing wealth between 2010 and 2020 across income groups and in 917 metropolitan or micropolitan areas.
Washington, DC, March 17, 2022—Privately-owned housing starts in February were at a seasonally adjusted annual rate of 1,769,000, 6.8% above the revised January estimate of 1,657,000 and 22.3% above the February 2021 rate of 1,447,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced.
New York, NY, March 17, 2022—Chilewich announced that Berkley Capital, the private equity investment vehicle of W. R. Berkley Corporation, has acquired a majority interest in the company.
Orlando, FL, March 17, 2022-Alliance Flooring presented its 2022 awards on March 15 at a dinner sponsored by Shaw. The event was part of the annual convention, which took place at the Rosen Shingle Creek in Orlando, Florida.
Washington, DC, March 17, 2022—Total industrial production rose 0.5% in February to a level that is 103.6% of its 2017 average, according to the Federal Reserve.
Washington, DC, March 17, 2022—In the week ending March 12, the advance figure for seasonally adjusted initial claims was 214,000, a decrease of 15,000 from the previous week's revised level, according to the Department of Labor.
Hamilton, NJ, March 16, 2022—Total construction starts rose 9% in February to a seasonally adjusted annual rate of $1.013 trillion, according to Dodge Construction Network.
New York, NY, March 16, 2022--Oil prices dropped below $100/barrel on March 15, undoing much of the price surge since Russia invaded Ukraine, reports the Wall Street Journal.