Floordaily

Jul 28, 2021 / The Right News Right When It Happens

Top Story

Home Prices Rose 16.6% in May, Says Case-Shiller

New York, NY, July 28, 2021—U.S. home prices set a record for the second straight month, according to the latest S&P CoreLogic Case-Shiller Home Price Index.

Today's Flooring News

Consumer Confidence in July Hovers at 17-Month High

Ann Arbor, MI, July 28, 2021—U.S. consumer confidence grew to a reading of 129.1 in July, the highest since February 2020 and up from 128.9 in June.

Construction Starts Fell 7% in June

Hamilton Township, NJ, July 28, 2021— Total construction starts fell 7% in June, declining to a seasonally adjusted annual rate of $863.6 billion, according to Dodge Data & Analytics.

Xpress Global Systems Acquires Delta Distribution

Chattanooga, TN, July 28, 2021— Aterian Investment Partners, a private investment firm, through its portfolio company Xpress Global Systems, LLC (XGS), has announced the acquisition of Delta Distribution/Michigan Carpet, a specialized flooring less-than-truckload company headquartered in Grand Rapids, Michigan.

Carpet Collection Gets a Boost

Dalton, GA, July 28, 2021—The California Carpet Stewardship Program, which is run by CARE (Carpet America Recovery Effort), has awarded its first grant to an apprentice and journeyman program under Cycle 4 Micro Grants for Collection/Reuse (Cycle 4M).

Hospitality Market Shows Early Signs of Recovery

Portsmouth, NH, July 27, 2021—According to analysts at Lodging Econometrics (LE), at the end of the Q2 2021, the total U.S. construction pipeline stood at 4,787 projects and 598,111 rooms, down 14% YOY from 5,582 projects and 687,801 rooms in Q2 2020.

Durable Goods Orders Rise 0.8% in June

Washington, D.C., July 27, 2021—The U.S. Census Bureau has announced that new orders for manufactured durable goods in June increased 0.8%, or $2.1 billion, to $257.6 billion, the 13th increase in 14 months.

HMTX’s Halstead Promotes Adrienne Brown to VP of Sales and Marketing

Smyrna, GA, July 27, 2021—Halstead, HMTX’s home center division, has promoted Adrienne Brown to vice president of sales and marketing, according to Eric Anderson, president of Halstead International.

Spartan Surfaces Expands into New England

Bel Air, MD, July 27, 2021—Spartan Surfaces, a specialty flooring distribution company headquartered in Maryland with showrooms in Chicago and Washington, D.C., has expanded into Connecticut, Massachusetts, Rhode Island, New Hampshire and Maine.

Mohawk Group Launches Waterways Project

Calhoun, GA, July 27, 2021—Mohawk Group has announced the launch of its Waterways Project, a mobile showcase centered on sustainability that features new products and innovations from Mohawk Group and Durkan, the firm’s hospitality division.