Samuel Vonrüti Named CMO of Bauwerk Group
St. Margrethen, Switzerland, September 6, 2022—Samuel Vonrüti has been named chief marketing officer (CMO) of Bauwerk Group.
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.
Bathroom Remodel Median Spent Increased 13% YOY
Palo Alto, CA, September 6, 2022—The national median spend for primary bathroom projects increased nearly 13% to $9,000, while higher budget projects (with the top 10% of project spend) saw a 17% jump to $35,000 or more among homeowners, according to the 2022 U.S. Houzz Bathroom Trends Study.
August Employment Rose by 315,000, Unemployment Up to 3.7%
Washington, DC, September 2, 2022--Total nonfarm payroll employment increased by 315,000 in August, and the unemployment rate rose to 3.7%, the U.S. Bureau of Labor Statistics reported.
Rising Interest Rates Causing Potential Homebuyers to Reconsider
New York, NY, September 2, 2022-"Home buyers are feeling the pinch of rising costs more than renters,” reports the Wall Street Journal.
Välinge Terminates Divine's License Agreements
Viken, Sweden, September 2, 2022- Välinge has terminated its license agreements with the Chinese flooring producer Jiangsu Divine Building Technology Development Co. Ltd.’s (“Divine”).
Orders for Manufactured Goods Declined 1.0% in July
Washington, DC, September 2, 2022—New orders for manufactured goods in July, down following nine consecutive monthly increases, decreased $5.7 billion or 1.0% to $548.5 billion, the U.S. Census Bureau reported.
Shaw Opens Its Third Employee Healthcare Center in Cartersville
Cartersville, GA, September 2, 2022—Shaw is partnering with direct health care company Premise Health to operate the third Shaw Family Health Center. The new facility, located near several of Shaw’s manufacturing, marketing and product development operations, will offer associates a wide variety of care options.
AHF Moving Wood Flooring Production to WV, KY & TN, Closing PA Factory
Mountville, PA, September 1, 2022—AHF Products announced it will move manufacturing of select solid and engineered wood flooring products to its Beverly, West Virginia; Somerset, Kentucky; and Only, Tennessee facilities in the U.S and will be closing its factory in Titusville, Pennsylvania, where these products are currently made.
Construction Spending Declined 0.4% in July
Washington, DC, September 1, 2022—Construction spending during July 2022 was estimated at a seasonally adjusted annual rate of $1,777.3 billion, 0.4% below the revised June estimate of $1,784.3 billion, according to the U.S. Census Bureau.
Initial Jobless Claims Down 5,000 in Week Ending August 27
Washington, DC, September 1, 2022—In the week ending August 27, the advance figure for seasonally adjusted initial claims was 232,000, a decrease of 5,000 from the previous week's revised level, according to the Department of Labor.