Floordaily

Jul 15, 2020 / The Right News Right When It Happens

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Congoleum to Reorganize using Chapter 11 Bankruptcy Protection

Trenton, NJ, July 14, 2020-Congoleum-one of America's oldest resilient flooring manufacturers, founded in 1886-has initiated voluntary reorganization proceedings in the district of New Jersey under Chapter 11 of the U.S. Bankruptcy Code.

Today's Flooring News

Feds Probe Mohawk Over Investor Lawsuit

Chattanooga, TN, July 15, 2020-"Federal prosecutors have issued subpoenas to Mohawk Industries and its CEO Jeff Lorberbaum in an investigation of claims that the company improperly inflated sales and profits,” reports the Chattanooga Times Free Press.

Alliance Flooring to Hold Virtual Buying & Networking Event

Chattanooga, TN, July 15, 2020—Alliance Flooring announces its first ever virtual buying and networking event that kicks off on July 27.

NAHB and NAR Partner to Launch Consumer-Facing Resource

Washington, DC, July 15, 2020-The National Association of Home Builders (NAHB) and the National Association of Realtors has launched a new joint initiative, Home Performance Counts, designed to help consumers better understand the rapidly growing high-performance home marketplace – homes that prioritize comfort, durability, wellness and affordability.

June Industrial Production Up 5.4%, Still Below Pre-Pandemic Level

Washington, DC, July 15, 2020—Total industrial production rose 5.4% in June after increasing 1.4% in May; even so, it remained 10.9% below its pre-pandemic February level, according to the Federal Reserve.

Import Prices Rose 1.4% in June

Washington, DC, July 15, 2020—The price index for U.S. imports rose 1.4% in June, the U.S. Bureau of Labor Statistics reported, following a 0.8% increase in May.

Mortgage Applications Rose 5.1% in Second Week of July

Washington, DC, July 15, 2020—Mortgage applications increased 5.1% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending July 10.

Ellie Priester Named VP of Marketing for Teknoflor

Norwalk, CT, July 15, 2020—Jeff Collum, president of Teknoflor, announced that Ellie Priester has been promoted to vice president of marketing—Commercial, The Americas from her present position as director of marketing.