April 29, 2016
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Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
GDP Rose 0.5% in Q1, According to BEA Advance Estimate
Washington, DC, April 28, 2016—Real gross domestic product increased at an annual rate of 0.5% in the first quarter of 2016, according to the advance estimate released by the Bureau of Economic Analysis.
Interface's Q1 Sales Down 6.1% YOY
Atlanta, GA, April 29, 2016—Interface, Inc. announced sales of $222.6 million for Q1 2016, compared to $236.9 in Q1 2015, a decrease of 6.1%.
Gerflor to Supply Volleyball & Handball Courts for Summer 2016 Olympics
Chicago, IL, April 29, 2016—Gerflor will supply Taraflex courts for volleyball and handball tournaments during the next Olympic Games in Rio, August 5 to 21.
Armstrong Initiates Price Increase on Wood Products
Lancaster, PA, April 28, 2016—Armstrong Flooring announced that it will initiate a 5% to 7% price increase for engineered flooring and a 3% to 5% price increase for solid flooring in the United States and Canada effective with shipments on June 13.
Crossville's Curran Honored with NTCA Lifetime Achievement Award
Crossville, TN, April 28, 2016—Tim Curran, co-president of Curran Group, the holding company that owns Crossville Inc., has been awarded the prestigious Joe A. Tarver Lifetime Achievement Award from the National Tile Contractors Association.
Construction Employment Expanded in 244 of 358 of Metro Areas in March
Arlington, VA, April 28, 2016—Construction employment increased in 244 out of 358 metro areas, was unchanged in 44 and declined in 70 between March 2015 and March 2016, according to the Associated General Contractors of America.
March Pending Home Sales Rose 1.4% to Highest Level in Nearly a Year
Washington, DC, April 27, 2016—Pending home sales rose 1.4% to 110.5 in March, reaching their highest level in almost a year, according to the National Association of Realtors.
California Carpet Assessment Increase Goes into Effect
Dalton, GA, April 27, 2016-- The California carpet stewardship assessment increased to $.20 per square yard as of April 1.
United Flooring Adds Charlotte, NC Showroom to Armstrong Elite Program
Lancaster, PA, April 27, 2016—United Flooring Group has just added its Charlotte, North Carolina showroom to Armstrong Flooring’s Elite Dealer program.
Stifel Shares Outlook on Residential and Commercial Markets
St. Louis, MO, April 27, 2016—Stifel has released its current outlook for the flooring industry.
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