| | | Aug 18, 2023 / The Right News Right When It Happens | | Top Story | | | | The Dixie Group Transitions to Net 30 Terms Across Portfolio | | Dalton, GA, August 18, 2023—The Dixie Group (TDG) announced that for orders placed on September 18, all TDG customer accounts will move to standard payment terms of net 30 days. | | |
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| | Today's Flooring News | | | | Tom Sullivan Rescinds Bid to Buy LL Flooring | | Roanoke, VA, August 18, 2023-Tom Sullivan has rescinded his bid to acquire LL Flooring, the company he founded, which was formerly known as LL Flooring. | | |
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| | | | Multifamily Developer Confidence Positive in Q2 | | Washington, DC, August 18, 2023—Confidence in the market for new multifamily housing was in positive territory for Q2, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). | | |
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| | | | Average Mortgage Rate Hits 20-Year High at 7.09% | | Washington, DC, August 18, 2023—"The average mortgage rate rose to 7.09%, its highest level in more than 20 years, according to data released Thursday by mortgage giant Freddie Mac,” according to the Wall Street Journal. | | |
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| | | Kaleen Refocuses Business Model on Better-Quality Rug Offering | | Dalton, GA, August 18, 2023—Kaleen is updating its product offering and service options starting fall 2023 to focus on four key segments: customization, carpets/broadloom, Luxe collection and handmade soft flooring goods. | | |
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