Industrial Production Slid 0.6% in September
Washington, DC, October 16, 2020—Industrial production fell 0.6% in September, its first decline after four consecutive months of gains, according to the Federal Reserve.
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.
Trade Inventories Rose 0.6% in August
Washington, DC, October 16, 2020—The combined value of distributive trade sales and manufacturers’ shipments for August was estimated at $1,452.4 billion, up 0.6% from July 2020, but was down 0.4% from August 2019, according the U.S. Census Bureau.
Metropolitan Hardwood Launches New Business Unit Selling LVT
Vancouver, BC, October 16, 2020—Metropolitan Hardwood Floors has announced the formation of a new business unit, Open Source Floors.
IICRC Opens Public Review on Two Flooring-Related Standards
Las Vegas, NV, October 16, 2020—The Institute of Inspection, Cleaning and Restoration Certification (IICRC) opened public review for the revised draft BSR/IICRC S100 Standard for Professional Cleaning of Textile Floor Coverings.
Residential Remodeling Forecast Turns Positive
Cambridge, MA, October 15, 2020-Moderate gains in homeowner spending for improvements and repairs are expected through much of next year as initial concerns of a possible pandemic-induced downturn have largely dissipated, 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.
Initial Jobless Claims Rose by 53,000 in Second Week of October
Washington, DC, October 15, 2020—In the week ending October 10, the advance figure for seasonally adjusted initial claims was 898,000, an increase of 53,000 from the previous week's revised level.
September Import Prices Rose for Fourth Month
Washington, DC, October 15, 2020—Prices for U.S. imports increased 0.3% in September, the U.S. Bureau of Labor Statistics reported, following advances of 1.0% in August, 1.2% in July, and 1.3% in June.
Dalton Carpet One Adopts Installation System that Kills COVID-19
Athens, GA, October 14, 2020-Dalton Carpet One announces Neutralize, a new process for residential flooring installations that kills COVID-19.
Mohawk Continues Support of Susan G. Komen Amid COVID
Calhoun, GA, October 15, 2020—Despite the postponement of the Susan G. Komen 3-Day series to 2021, Mohawk continues to double down on its commitment to the organization in its fight against breast cancer as the organization engages with the 3-Day community virtually this year.
Renters Are Moving to Suburbs, Propelled by COVID & Remote Work
New York, NY, October 14, 2020-The pandemic and onset of mass remote work has propelled apartment dwellers to the suburbs, reports The Wall Street Journal in an article called “Renters Flock to Suburbia, Upending Decadelong Urbanization Trend” by Peter Grant.