Breaking Flooring News

Inside Edge Acquires IFS

Eagan, MN, September 29, 2022-Inside Edge, a commercial flooring installation and project management firm, has acquired IFS.

California Carpet Assessment Rates Expected to Rise January 1

Dalton, GA, September 29, 2022—Differential assessments currently charged on all carpet sold in California are expected to increase on January 1, 2023.

Q2 GDP Declined 0.6%, According to Third Estimate

Washington, DC, September 29, 2022—Real gross domestic product (GDP) decreased at an annual rate of 0.6% in Q2 2022, according to the third estimate released by the Bureau of Economic Analysis.

Initial Jobless Claims Down 16,000 in Week Ending September 24

Washington, DC, September 29, 2022—In the week ending September 24, the advance figure for seasonally adjusted initial claims was 193,000, a decrease of 16,000 from the previous week's revised level, according to the Department of Labor.

NTCA Offerings Workshops in 10 States During October

Flowood, MS, September 29, 2022—In October, National Tile Contractors Association (NTCA) brings 19 free workshops to ten states: Minnesota, New Jersey, California, South Carolina, Maryland, Georgia, Virginia, Indiana, Wisconsin and Kentucky.

Ceramics of Italy Competition Accepting Submissions for 2023

New York, NY, Spetember 29, 2022—The Ceramics of Italy Tile Competition is officially accepting submissions for the 2023 edition.

CCA Global Raises $242,415 for Tunnels to Towers Foundation

Manchester, NH, September 29, 2022—CCA Global Partners announced that $242,415 was raised for Tunnels to Towers Foundation following yesterday’s Tunnels To Towers 5K in New York City.

Pending Home Sales Declined 2% in August

Washington, DC, September 28, 2022—The Pending Home Sales Index fell 2.0% to 88.4 in August, according to the National Association of Realtors. Year-over-year, pending transactions dwindled by 24.2%. An index of 100 is equal to the level of contract activity in 2001.

NWFA Program Identifies Engineered Wood Flooring That Is Refinishable

St. Louis, MO, September 28, 2022-The National Wood Flooring Association (NWFA) has launched the NWFA Engineered Wood Flooring Refinishable Program, which identifies engineered wood flooring products with wearlayers thick enough to be sanded and refinished.

Soft Lumber Prices Fall to Pre-Pandemic Rate

New York, NY, September 28, 2022-"Lumber prices have fallen to their lowest level in more than two years, bringing two-by-fours back to what they cost before the pandemic building boom and pointing to a sharp slowdown in construction,” according to the Wall Street Journal.

Ownership of Mercier Passes to a New Generation

Montmagny, Quebec, September 28, 2022-As of May 27, Sébastien Mercier and Jean-Philippe Dumas, sons of Richard Mercier and Marielle Mercier, respectively, officially took over from their parents as the new business owners of Mercier Wood Flooring.

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