Mohawk Industries, Inc. announced that Paul F. De Cock, president and COO, has been appointed Chief Executive Officer and a director of the Mohawk Board of Directors, effective September 30, 2026. De Cock will succeed Jeffrey S. Lorberbaum, who will retire from his role as CEO of the Company at that time, and continue to serve as Chairman of the Board.

Owner of California custom van shop talks about how adding a CNC router put the gas pedal down on his business.

Wholesale prices of goods used in residential construction rose in May as energy prices continued to climb. In May, residential building material prices, excluding energy, rose at their highest yearly rate since January 2023, as prices were up 4.4% from a year ago and up 0.7% over the month. Meanwhile, prices for services rose 4.7% over the year, but were unchanged from the previous month.