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Jul 12, 2024 / The Right News Right When It Happens

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Construction Input Prices Declined 0.3% in June

Washington, DC, July 12, 2024-Construction input prices fell 0.3% in June compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data.

Today's Flooring News

Producer Prices Rose 0.2% in June

Washington, DC, July 12, 2024—The Producer Price Index for final demand advanced 0.2% in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.

Early July Consumer Sentiment Relatively Flat from June, Down 7.7% YOY

Ann Arbor, MI, July 12, 2024-Consumer sentiment declined 3.2% to 66.0, according to preliminary results from the University of Michigan Survey of Consumers.

Imports of Engineered Hardwood Rose in Early 2024

Washington, DC, July 12, 2024—Year-to-date through May, U.S. imports of engineered wood flooring were up by more than 12% in value and 7.6% in volume, according to the Decorative Hardwoods Association.

FEI Forms Advisory Board

Marietta, GA, July 12, 2024—FEI Group has announced the formation of a new advisory board as part of its ongoing organizational development.

Multifamily Activity Down 35% in Last Ten Months

Charlotte, NC, July 12, 2024—Truist has issued the following report on the multifamily market, “The decline in multifamily start activity has been ongoing since last year with a 35% decline the last ten months with indications that the build rate is going to an even lower level.

Time's 2024 Best Midsize Companies List Includes Two in Flooring

New York, NY, July 12, 2024-Time Magazine and Statista have released their 2024 list of America’s Best Midsize Companies with two flooring or flooring-related companies included on the list.

Shaw Contract to Host Hip Hop Architecture Camp Next Week

Atlanta, GA, July 12, 2024-Next week, Shaw Contract will partner with The Hip Hop Architecture Camp to share the foundations of architecture, urban planning and design with Atlanta, Georgia youth.

Kory Bowling Named President/CEO of Paramount Global Surfaces

Alpharetta, GA, July 12, 2024-Paramount Global Surfaces (PGS), a company in the floorcovering materials market, announced the appointment of Kory Bowling as president and CEO.