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Jun 01, 2022 / The Right News Right When It Happens

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Court Approves Stalking Horse Agreement in Armstrong Bankruptcy

Lancaster, PA, June 1, 2022- On May 31, the bankruptcy court for the district of Delaware approved the company’s entry into a stalking horse agreement.

Today's Flooring News

Hotel Activity to Rebound in 2022 More Quickly than Expected

Dallas, TX, June 1, 2022––CBRE, a commercial real estate services and investment firm, is raising its forecasts of hotel performance for 2022 and beyond, based on Q1 2022 strength, continued slowing of construction activity, higher inflation and continued optimism about employment and economic growth.

Job Openings Decreased to 11.4M in April

Washington, DC, June 1, 2022—The number of job openings decreased to 11.4 million on the last business day of April, the U.S. Bureau of Labor Statistics reported.

Construction Spending Rose 0.2% in April

Washington, DC, June 1, 2022—Construction spending during April 2022 was estimated at a seasonally adjusted annual rate of $1,744.8 billion, 0.2% above the revised March estimate of $1,740.6 billion.

Purchasing Managers Index Rose to 56.1% in May

Tempe, AZ, June 1, 2022—The May Manufacturing Purchasing Managers Index (PMI) registered 56.1%, an increase of 0.7 percentage point from the reading of 55.4% in April, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.

Mortgage Applications Declined 2.3% in Week Ending May 27

Washington, DC, June 1, 2022—Mortgage applications decreased 2.3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 27, 2022.

HD Expo 2022 Welcomes 5,000 Attendees

New York, NY, June 1, 2022—From April 26 to 28, HD Expo + Conference, the largest U.S.-based hospitality event of its kind, gathered 5,000 designers, architects, brand executives, hoteliers, developers, purchasers, and other attendees from 36 countries at the Mandalay Bay in Las Vegas to experience new products, engaging conversation, and strategic networking events.

Registration Now Open for Total Solutions Plus

Glen Ellyn, IL, June 1, 2022—The 13th Annual Total Solutions Plus (TSP) will bring the ceramic tile industry together again to network and learn from each other at the Hyatt Regency Indian Wells in the Palm Springs, California, November 6 to 8.

Shanghai Emerging from Covid Lockdowns After Two Months

New York, NY, June 1, 2022—After four straight days with no Covid-19 deaths and with new cases at their lowest levels since early March, Shanghai is preparing to end more than two months of lockdowns, reports the Wall Street Journal.