| | | Dec 01, 2022 / The Right News Right When It Happens | | Top Story | | | | Construction Spending Declined 0.3% in October | | Washington, DC, December 21, 2022—Construction spending during October 2022 was estimated at a seasonally adjusted annual rate of $1,794.9 billion, 0.3% below the revised September estimate of $1,800.1 billion, according to the U.S. Census Bureau. | | |
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| | Today's Flooring News | | | | Personal Income Rose 0.7% in October, Spending Up 0.8% | | Washington, DC, December 1, 2022—Personal income increased $155.3 billion (0.7%) in October, according to estimates released by the Bureau of Economic Analysis. | | |
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| | | | AHF Launches Quick Ship Program | | Mountville, PA, December 1, 2022-AHF Products, a manufacturer of hard surface flooring, announced the launch of a new Quick Ship program, featuring 12 Armstrong Flooring Luxury Vinyl Tile (LVT) options, manufactured in Lancaster, Pennsylvania. | | |
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| | | | Americans Renovating Rentals as Housing Market Precludes Purchases | | New York, NY, December 1, 2022—"Many Americans unable to buy a home right now are renovating their rentals instead,” reports the Wall Street Journal. | | |
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| | | Purchasing Managers Index Contracted Slightly in November | | Tempe, AZ, December 1, 2022—The November Manufacturing Purchasing Managers Index (PMI) registered 49%, 1.2 percentage points lower than the 50.2% recorded in October, according to the latest Manufacturing ISM Report On Business. | | |
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| | | Shaw Floors to Update Anso Colorwall in 2023 | | Dalton, GA, December 1, 2022-Shaw Floors will update its Anso Colorwall display in 2023. The carpet merchandising system is available exclusively to Shaw Flooring Network (SFN) retailers and has a 20+ year legacy in the industry. | | |
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| | | INSTALL Announces Retirement of Executive Director John McGrath | | Washington, DC, December 21, 2022-INSTALL announces the retirement of executive director John T. McGrath Jr., who played a significant role in revolutionizing floorcovering installation training and standards for over two decades. | | |
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| | | Arthur Bieler of Majestic Carpet Mill Has Died | | Weston, FL, December 1, 2022—Arthur Bieler, pioneer in the tufted carpet business, 93, died November 27. | | |
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| | | Initial Jobless Claims Declined by 16,000 in Week Ending Nov. 26 | | Washington, DC, December 1, 2022—In the week ending November 26, the advance figure for seasonally adjusted initial claims was 225,000, a decrease of 16,000 from the previous week's revised level, according to the Department of Labor. | | |
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| | | Torlys' Cam Bowen Wins BILD Member of the Year Award | | Toronto, ON, December 1, 2022 – Torlys announced that one of its senior members received the prestigious Building Industry and Land Development Association (BILD) “Member of the Year” award, vice president of sales for builder & hospitality Cam Bowen. | | |
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| | | Stanton Participates in Ronald McDonald House Remodel | | Woodbury, NY, December 1, 2022—Stanton Carpet Corporation is the flooring sponsor of the Designing Hope Showhouse: a project to create comfort in a home away from home, a remodel of the The Ronald McDonald House of the Greater Hudson Valley. | | |
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| Featured Video | | | | Ryan Koechel Discusses Floor360's Business Model and Anniversary | | December 1, 2022—Ryan Koechel, president of Floor360, and Kemp Harr discuss this Madison, Wisconsin based flooring dealer’s business model | | |
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