Floordaily

Aug 23, 2024 / The Right News Right When It Happens

Top Story

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.

Today's Flooring News

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.