National Floors Direct Accused of Deceptive Business Practices
New York, NY, August 26, 2024—New York’s National Floors Direct is being accused of engaging in deceptive business practices, reports Our Town NY.
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.
New Home Sales Rose 10.6% in July
Washington, DC, August 23, 2024—Sales of new single-family houses in July 2024 were at a seasonally adjusted annual rate of 739,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development, 10.6% above the revised June rate of 668,000 and 5.6% above the July 2023 estimate of 700,000.
STIC Investments to Buy Nox for $336 Million
Seoul, Korea, August 23, 2024-"Seoul-based private equity firm STIC Investments has agreed to acquire global leading luxury vinyl tile (LVT) flooring firm Nox Corp. at 450 billion won ($336 million) from U.S. alternative investment manager TPG Inc.,” reports The Korea Economic Daily.
Total Construction Starts Rose 10% in July to $1.1 Trillion
Bedford, MA, August 23, 2024—Total construction starts moved 10% higher in July to a seasonally adjusted annual rate of $1.1 trillion, according to Dodge Construction Network.
Wall Street Journal Reports Broadloom is Having a Resurgence
New York, NY, August 23, 2024-On August 21, The Wall Street Journal posted an article entitled, “The Return of Wall-to-Wall Carpet: Why Americans Want This Soothing Luxury Now” by Antonia van der Meer.
Imports of Hardwood Plywood Rose 32% in First Half of 2024
Sterling, VA, August 23, 2024—In the first half of 2024, U.S. imports of hardwood plywood outpaced 2023 by 32%, according to the Decorative Hardwoods Association.
Interface Named a 2024 Sustainability Leader by GlobeScan & ERM
Atlanta, GA, August 23, 2024-Interface announced its inclusion as one of the top-ranked sustainability leaders in the Sustainability Leaders 2024 Survey by GlobeScan and the ERM Sustainability Institute.
Mohawk Supports 2024 Susan G. Komen 3-Day Series
Calhoun, GA, August 23, 2024—Mohawk is providing comfort for a cure during the 2024 Susan G. Komen 3-Day Series.
Existing-Home Sales Rose 1.3% in July
Washington, DC, August 22, 2024-Total existing-home sales ascended 1.3% from June to a seasonally adjusted annual rate of 3.95 million in July, according to the National Association of Realtors.
Forbes Includes Shaw and Mohawk on Georgia Best Employers List
New York, NY, August 22, 2024—Both Shaw and Mohawk were named Best-In-State Employers for the state of Georgia by Forbes