Renovation Activity Expected to Remain Strong in Q4
Palo Alto, CA, October 20, 2021—The Q4 2021 Houzz Renovation Barometer found that businesses anticipate strong activity through the end of the year.
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.
Materials Costs & Bid Prices Declined in September
Washington, DC, October 20, 2021— Unusually, materials costs and contractors’ bid prices both declined from August to September, but the gap between the two prices remained wide over the latest 12 months, reports Associated General Contractors.
CARE Awards Four More Recycling Grants
Dalton, GA, October 20, 2021-- Carpet America Recycle Effort’s (CARE) California Carpet Stewardship Program has awarded four additional grants, totaling $1.14 million, through its 2021 Capital Improvements cycle (labeled Cycle 5A).
Mortgage Applications Declined 6.3% in Second Full Week of October
Washington, DC, October 20, 2021—Mortgage applications decreased 6.3% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending October 15, 2021.
Tarkett Acquires Vinylasa, Will Transition All VCT Production to Mexico
Solon, OH, October 19, 2021-Tarkett has completed the acquisition of Vinylasa, a vinyl composite tile (VCT) manufacturer based in Mexico City, Mexico, which specializes in manufacturing through-patterned VCT tiles.
September Housing Starts Slid 1.6% from August, Rose 7.4% YOY
Washington, DC, October 19, 2021—Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,555,000, 1.6% below the revised August estimate of 1,580,000 but 7.4% above the September 2020 rate of 1,448,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced
Terry Green Inducted into NWFA Legacy Scholarship Program
St. Louis, MO, October 19, 2021—The National Wood Flooring Association (NWFA) inducted Terry Green of DuraSeal into its Legacy Scholarship program through the NWFA Education and Research Foundation (NERF).
Builder Sentiment Rose 4 Points to 80 in October
Washington, DC, October 18, 2021-Builder sentiment in the market for newly built single-family homes moved four points higher to 80 in October, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
High Inflation to Continue into 2022
New York, NY, October 18, 2021-Uncomfortably high inflation will grip the U.S. economy well into 2022, as constrained supply chains keep upward pressure on prices and, increasingly, curb output, according to economists surveyed this month by The Wall Street Journal.
Shaw Adds Freight Surcharge to LVT Products
Dalton, GA, October 18, 2021—Shaw Industries has announced a freight surcharge on LVT products, effective November 1.