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, July 16, 2021-The National Association of Home Builders (NAHB) released its NAHB/Royal Building Products Remodeling Market Index (RMI) for the second quarter, posting a reading of 87, up 14 points from the second quarter of 2020.
Manchester, NH, July 16, 2021-CCA Global is gearing up for a summer convention that will not only mark a shift for the company-as Carpet One Floor & Home, Flooring America, Flooring Canada, The Floor Trader, and International Design Guild (IDG) members meet together for the first time-but also unveil new digital technology, marketing and merchandising to help all members position themselves to exceed the future demands of their consumers.
Ann Arbor, MI, July 16, 2021-Consumer sentiment slid 5.5% to 80.8 in early July, according to preliminary results from the University of Michigan Survey of Consumers, but rose 11.4% year over year.
Washington, DC, July 16, 2021—Advance estimates of U.S. retail and food services sales for June 2021 were $621.3 billion, an increase of 0.6% from the previous month and 18.0% above June 2020.
Washington, DC, July 16, 2021—The combined value of distributive trade sales and manufacturers’ shipments for May was estimated at $1,615.9 billion, down 0.3% from April 2021, but was up 28.7% from May 2020, according to the U.S. Census Bureau.
Cambridge, MA, July 15, 2021—Annual gains in homeowner improvement and maintenance spending are set to accelerate in the second half of the year and remain elevated through mid-year 2022, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
Washington, DC, July 15, 2021-“Federal Reserve Chairman Jerome Powell said the central bank wouldn’t hesitate to raise interest rates to keep inflation under control but repeatedly emphasized he still expects price pressures to ease later this year,” reports the Wall Street Journal.
Paris, FR, July 15, 2021-Tarkett Participation (the “bidder”) announces the final results of the public simplified tender offer on all the Tarkett shares (the “offer”)-published by the Autorité des Marchés Financiers (AMF)-following the closing of the offer on July 9, 2021.
Lancaster, PA, June 25, 2021-Armstrong Flooring will increase prices effective August 15, which are aimed at offsetting rising costs.
Orlando, FL, July 15, 2021-The Ceramic Tile Education Foundation (CTEF) created the Dan Hecox Service Award to be given out annually at Coverings.