Floordaily

Oct 23, 2024 / The Right News Right When It Happens

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Tom Duffy Company Acquired by Transom Capital

Los Angeles, October 23, 2024-Transom Capital, private-equity owner of flooring distributors Virginia Tile and Galleher, has acquired Manteca, California-based distributor Tom Duffy Company.

Today's Flooring News

NAFCD Names Brian Green President, Succeeding Dori Blitzstein

Chicago, IL, October 23, 2024-At the North American Association of Floor Covering Distributors (NAFCD) and North American Building Material Distribution Association (NBMDA) Annual Convention, underway now, Brian Green with UCX was named president, taking the reins from Dori Blitzstein of Roesel-Heck.

AIA Architecture Billings Index Score Flat at 45.7 in September

Washington, DC, October 23, 2024—The Architecture Billings Index (ABI) score of 45.7 for September indicates that the majority of firms continued to experience a decline in their billings, according to the latest data from the American Institute of Architects.

Existing-Home Sales Declined 1% in September

Washington, DC, October 23, 2024—Total existing-home sales receded 1.0% from August to a seasonally adjusted annual rate of 3.84 million in September, according to the National Association of Realtors. Year-over-year, sales waned 3.5% (down from 3.98 million in September 2023).

CARE Requests Assessment Increase to Go Into Effect February 2025

Dalton, GA, October 23, 2024—Carpet America Recovery Effort (CARE) has made an urgent request to CalRecycle to approve an increase in the carpet differential assessment to go into effect on February 1, 2025. This is necessary to meet the new reserve requirement by the end of 2025 as set by CalRecycle.

Mortgage Applications Declined 6.7% in Week Ending October 18

Washington, DC, October 23, 2024—Mortgage applications decreased 6.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending October 18, 2024.