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Jan 15, 2025 / The Right News Right When It Happens

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ITR's Lokar Says U.S. Economy is Emerging from Recession

Orlando, FL, January 15, 2025—Speaking at CCA Global's Connextion conference in Orlando, Florida, ITR economist Connor Lokar reported that the U.S. economy has been in recession for the last 18 to 24 months, but that is about to change.

Today's Flooring News

CCA Names 2025 Hileman & Greenberg Award Winners

Orlando, FL, January 15, 2025-CCA presented several awards at its 2025 ConneXtion conference, taking place in Orlando, Florida.

Mortgage Applications Rose 33.3% in Week Ending January 10

Washington, DC, January 15, 2025—Mortgage applications increased 33.3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 10, 2025.

Inflation Inched Higher In December, Up 2.9% Over Last 12 Months

Washington, DC, January 15, 2025—The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4% on a seasonally adjusted basis in December, after rising 0.3% in November, the U.S. Bureau of Labor Statistics reported.

Laminam Acquires Iberstone

Fiorano Modenese, Italy, January 15, 2025—Laminam, a ceramic slab manufacturer, has purchased the controlling stake in Iberstone from the Zapatero family.

California Carpet Recycling Hit 38% in First Three Quarters of 2024

Dalton, GA, January 15, 2025—CARE executive director Bob Peoples offered the following summary of California’s carpet recycling program results for Q3 2024,

Construction Input Prices Declined 0.2% in December

Washington, DC, January 15, 2025—Construction input prices decreased 0.2% in December compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices also decreased 0.2% for the month.

Ecore Unveils New Branding

Lancaster, PA, January 15, 2025—Ecore has unveiled a comprehensive corporate rebrand to more prominently convey its commitment to eliminating rubber waste through continuous recycling.

I4F Forms Partnership with Tianzhen Technology Co. Ltd

Turnhout, Belgium, January 15, 2025—I4F, a group of companies providing patents and technologies to the flooring industry, announced a new technology partnership with Tianzhen Technology Co. Ltd (TZ).