February 10, 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.
Metro Home Prices Accelerated in Fourth Quarter of 2015, NAR
Washington, DC, February 10, 2016—A moderating pace of sales had little impact on the trajectory of home prices during the final three months of the year, which picked up speed in most of the U.S., according to the National Association of Realtors.
Yellen Hints of "Gradual" Rate Hikes to Come
Washington, DC, February 10, 2016—Federal Reserve chair Janet Yellen said that conditions in the U.S. would allow the Federal Reserve to pursue "gradual" adjustments in monetary policy.
Fuse Alliance Names USG as Preferred Supplier
Laguna Niguel, CA, February 10, 2016—Fuse Alliance has announced that United States Gypsum Company (USG), a leading building materials manufacturer, has joined the network as a preferred supplier.
Techmer PM to Hold Demonstration of TechmerVision in NYC
Clinton, TN, February 10, 2016—Techmer PM is pleased to announce a demonstration of TechmerVision, a new design tool created to help designers translate their inspiration into color for application and for design development purposes.
Global Investing Firm KKR Acquires 50% Stake in Välinge
Viken, SW, February 9, 2016—Global investor KKR has signed three agreements to acquire a combined 50% stake in Välinge, according to Reuters.
Optimism Declines Among Small Business Owners
Washington, DC, February 10, 2016—The Index of Small Business Optimism fell 1.3 points in January to 93.9, the lowest level since February 2014.
Armstrong Lays Groundwork for Separation of Flooring Business
Lancaster, PA, February 9, 2016—Armstrong World Industries has announced plans to refinance its existing credit agreement in conjunction with and subject to the completion of the planned separation of the company's flooring business.
Foreclosure Rate Down 2.4% in December, says CoreLogic
Irvine, CA, February 9, 2016—There were 32,000 completed foreclosures nationally in December 2015, down from 41,000 in December 2014, according to CoreLogic’s National Foreclosure Report.
December Wholesale Sales & Inventories Tick Downward
Washington, DC, February 9, 2016—December 2015 sales of merchant wholesalers were $440.0 billion, down 0.3% from the revised November level and down 4.5% from the December 2014 level, according to the U.S. Census Bureau.
Number of Job Openings Increased in December
Washington, DC, February 9, 2016—The number of job openings increased to 5.6 million on the last business day of December, the U.S. Bureau of Labor Statistics has reported.
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