Floordaily

Jun 16, 2022 / The Right News Right When It Happens

Top Story

Housing Starts Declined 14.4% in May

Washington, DC, June 16, 2022—Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,549,000, 14.4% below the revised April estimate of 1,810,000 and 3.5% below the May 2021 rate of 1,605,000, according to the U.S. Census Bureau.

Today's Flooring News

AdvanSix Announces Price Increase on Nylon 6 & 6/66

Chattanooga, TN, June 16, 2022—Due to increases in raw materials prices and continued demand for nylon 6, 6/66 and nylon 6 intermediates, AdvanSix will increase the prices in the Americas of caprolactam, Aegis nylon 6 and nylon 6/66 copolymer resins by $0.20/pound, effective July 1 or as contracts allow.

Initial Jobless Claims Declined by 3,000 in Week Ending June 11

Washington, DC, June 16, 2022—In the week ending June 11, the advance figure for seasonally adjusted initial claims was 229,000, a decrease of 3,000 from the previous week's revised level, according to the Department of Labor.

Wm. T. Burnett & Co. Acquires Flex Foam

Baltimore, MD, June 16, 2022—Wm. T. Burnett & Co., headquartered in Baltimore, Maryland, has acquired Flex Foam, the first polyurethane foam manufacturer in Arizona. Financial details of the transaction were not disclosed.

Galleher Announces Partnership with Building Homes for Heroes

Santa Fe Springs, CA, June 16, 2022—Flooring distributor Galleher announced a partnership with Building Homes for Heroes, a national non-profit organization that recognizes the sacrifices of men and women of the U.S. Armed Forces by supporting the needs of severely wounded or disabled soldiers and their families.