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Jul 29, 2022 / The Right News Right When It Happens

Top Story

Mohawk's Q2 Sales Up 7%, Earning Down 17%

Calhoun, GA, July 29, 2022-Mohawk Industries announced Q2 2022 net sales of $3.2 billion, an increase of 7% over Q2 2021’s $3.0 billion. For Q2 2022, net earnings were $280 million, a 17% decline compared to Q2 2021’s $336 million.

Today's Flooring News

Consumer Sentiment Rose 3% to 51.5 in July

Ann Arbor, MI, July 29, 2022—Consumer sentiment rose 3% to 51.5 in July, according to final results from the University of Michigan’s Survey of Consumers.

Mortgage Rate Falls to 5.3% in Last Week of July

Washington, DC, July 29, 2022-Mortgage rates fell after rising for two straight weeks, another indication that recession concerns are impacting the U.S. housing market, reports the Wall Street Journal.

Personal Income Increased 0.6% in June, Spending Up 1.1%

Washington, DC, July 29, 2022-Personal income increased $133.5 billion (0.6%) in June, according to estimates released by the Bureau of Economic Analysis.

Bentley Names Holly Holton Global Director of Sustainability

Los Angeles, CA, July 29, 2022-Bentley Mills has appointed Holly Holton as global director of sustainability.

Galleher Forms Distribution Partnership with Portamix

Santa Fe Springs, CA, July 29, 2022 – Galleher announced a distribution partnership with New Zealand-based Portamix, manufacturer of the Hippo and Pelican lines of mixing equipment for self-leveling floor coating.

Unilin Introduces Technology Focussed on Underfoot Comfort

Waregem, Belgium, July 29, 2022—Comfort Core Technology, which creates a soft, comfort-first feel, was developed by Pelican Creations Home and Unilin Technologies in the beginning of the year.

EU Hardwood Regulation May Impact U.S. Loggers

Washington, DC, July 29, 2022—"American Hardwood Export Council commented on draft EU deforestation regulations that would require geolocation data for the specific ‘plot(s) of land’ where all regulated materials—including wood—were sourced,” reports the Decorative Hardwoods Association.