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Jul 15, 2021 / The Right News Right When It Happens

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Remodel Market Will Continue to Strengthen in Second Half of 2021

Cambridge, MA, July 15, 2021—Annual gains in homeowner improvement and maintenance spending are set to accelerate in the second half of the year and remain elevated through mid-year 2022, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

Today's Flooring News

Federal Reserve Expects Inflation to Ease, Says Jerome Powell

Washington, DC, July 15, 2021-“Federal Reserve Chairman Jerome Powell said the central bank wouldn’t hesitate to raise interest rates to keep inflation under control but repeatedly emphasized he still expects price pressures to ease later this year,” reports the Wall Street Journal.

Tarkett Participation Ends Stock Purchase

Paris, FR, July 15, 2021-Tarkett Participation (the “bidder”) announces the final results of the public simplified tender offer on all the Tarkett shares (the “offer”)-published by the Autorité des Marchés Financiers (AMF)-following the closing of the offer on July 9, 2021.

CTEF Creates Dan Hecox Service Award, Announces First Winner

Orlando, FL, July 15, 2021-The Ceramic Tile Education Foundation (CTEF) created the Dan Hecox Service Award to be given out annually at Coverings.

Shaw Flooring Network Announces Details of Open on Mainstreet

Dalton, GA, July 15, 2021—Shaw Industries, a subsidiary of Berkshire Hathaway, has announced an upcoming virtual event, SFN Open on Mainstreet, for its Shaw Flooring Network (SFN) of aligned retailers.

Industrial Production Increased 0.4% in June

Washington, DC, July 15, 2021—Industrial production increased 0.4% in June after moving up 0.7% in May, according to the Federal Reserve.

NTCA Announces Awardwinners & Scholarship Recipients

Orlando, FL, July 15, 2021—The National Tile Contractors Association (NTCA) honored numerous members and scholarship winners during a special in-person awards ceremony on Thursday, July 8th at the Coverings trade show held in Orlando, Florida.

Import & Export Prices Rose in June

Washington, DC, July 15, 2021—U.S. import prices advanced 1.0% in June following a 1.4% increase in May, the U.S. Bureau of Labor Statistics reported.

Jobless Claims Declined by 26,000 in First Full Week of July

Washington, DC, July 15, 2021—In the week ending July 10, the advance figure for seasonally adjusted initial claims was 360,000, a decrease of 26,000 from the previous week's revised level, according to the Department of Labor.

Ceramics of Italy Launches Destination: Cersaie | Bologna Program

New York, NY, July 15, 2021—Ceramics of Italy is now accepting applications for its inaugural Destination: Cersaie | Bologna program.