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Sep 21, 2022 / The Right News Right When It Happens

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Architecture Billings Rose to 53.3 in August

Washington, DC, September 21, 2022—The Architecture Billings Index (ABI) score for August rose to 53.3 compared to 51.0 in July (any score above 50 indicates an increase in billings), according to The American Institute of Architects (AIA).

Today's Flooring News

HMTX Opens World Headquarters in Connecticut

Norwalk, CT, September 21, 2022—HMTX cut the ribbon on its new world headquarters, dubbed “House Upon the Hill”, in Norwalk, Connecticut on September 20.

Grizzle Retiring as President/CEO of Mannington at Year's End, Pendley Succeeding Him

Salem, NJ, September 21, 2022-Mannington Mills announced that its president and CEO, Russell Grizzle, will retire on December 31.

Existing-Home Sales Inched Down 0.4% in August, 7th Straight Month of Decline

Washington, DC, September 21, 2022-Total existing-home sales notched a minor contraction of 0.4% from July to a seasonally adjusted annual rate of 4.80 million in August, according to the National Association of Realtors.

FCEF Holds First Flooring Futures Summit

Dalton, GA, September 21, 2022—With the industry losing an estimated 5,000 to 6,000 installers each year and the average age of an installer at 56 years old, the Floor Covering Education Foundation (FCEF) is working to stem the tide of a full-blown crisis by promoting the trade through awareness and educational resources.

Mortgage Applications Rose 3.8% in Week Ending September 16

Washington, DC, September 21, 2022—Mortgage applications increased 3.8% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 16, 2022.

Steve Carroll Named COO/Technical Director for Swiss Krono U.S.

Barnwell, SC, September 21, 2022—Swiss Krono Group, manufacturer of wood products and laminate flooring, appoints a new COO and technical director, Steve Carroll, for its U.S. operations in Barnwell, South Carolina.