Breaking Flooring News

Existing-Home Sales Declined 2.4% in April, Prices Hit Record High

Washington, DC, May 19, 2022-Total existing-home sales slid 2.4% from March to a seasonally adjusted annual rate of 5.61 million in April, according to the National Association of Realtors. Year-over-year, sales dropped 5.9% (5.96 million in April 2021).

Tarkett Announces Grand Opening of New Chicago Showroom

Solon, OH, May 19, 2022-Tarkett is announcing the grand opening of its Chicago showroom, located at 215 N. Peoria Street, Floor 10 in Chicago’s Fulton Market District.

Shaw Wins Halo Award for St. Jude Cushion Program Partnership

Dalton, GA, May 19, 2022—Shaw and the Shaw Cushion Program for St. Jude Children’s Research Hospital have been named the 2022 Halo Award Silver winner in the Consumer Activated Corporate Donation category by Engage for Good.

I4F Again Named a Best Managed Company by Deloitte

Hamont, Belgium, May 19, 2022-I4F, a group of companies providing patents and technologies to the flooring industry, has, for a second consecutive year, been awarded as one of the 2021/22 Best Managed Companies (BMC) by Deloitte.

OneFlor USA Announces Leadership Team

Houston, TX, May 19, 2022-OneFlor USA has announced its executive team, consisting of flooring industry veterans with a focus on the resilient category.

Jobless Claims Rose to 218K in Week Ending May 14

Washington, DC, May 19, 2022—In the week ending May 14, the advance figure for seasonally adjusted initial claims was 218,000, an increase of 21,000 from the previous week's revised level, according to the Department of Labor.

Architecture Billings Declined Slightly in April but Remained Positive

Washington, DC, May 18, 2022—The American Institute of Architects’ (AIA) Architecture Billings Index score for April was 56.5 compared to 58.0 in March.

Lowe's Net Sales Rose 3% in Q1, Earnings Flat

Mooresville, NC, May 18, 2022— Lowe’s reported net sales of $23.7 billion for Q1 2022, a 3% increase compared to $24.4 billion in Q1 2021.

Total Construction Starts Rose 3% in April, Says Dodge

Hamilton, NJ, May 18, 2022-Total construction starts rose 3% in April to a seasonally adjusted annual rate of $945.8 billion, according to Dodge Construction Network. Nonresidential building starts rose 6% and residential starts increased by 4%, while nonbuilding starts fell 4%.

April Housing Starts Declined 0.2% from March but Rose 14.6% YOY

Washington, DC, May 18, 2022—Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,724,000, 0.2% below the revised March estimate of 1,728,000 but 14.6% above the April 2021 rate of 1,505,000, according to the U.S. Census Bureau.

Starnet Names New Board Officers & Directors

Columbus, OH, May 18, 2022—On May 14, Starnet Worldwide Commercial Flooring Partnership held a shareholder meeting for its voting stockholders of record.

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