Today's News

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.

Consumer Sentiment Rose 0.1% in May, Up 2.5% YOY

Consumer Sentiment Rose 0.1% in May, Up 2.5% YOY

Ann Arbor, MI, May 26, 2017—Consumer sentiment closed May 2017 at a rate of 97.1, a 0.1% increase over April’s 97.0 rate, according to final results from the University of Michigan Survey of Consumers.

Multifamily Production Fell Seven Points to 48 in in Q1

Multifamily Production Fell Seven Points to 48 in in Q1

Arlington, VA, May 26, 2017—The Multifamily Production Index (MPI), released by the National Association of Home Builders (NAHB), dropped seven points to 48 in the first quarter of 2017. The MPI has not had a reading of under 50 since the fourth quarter of 2011.

Durable Goods Orders Fell 0.7% in April

Durable Goods Orders Fell 0.7% in April

Washington, DC, May 26, 2017—New orders for manufactured durable goods in April decreased $1.6 billion or 0.7% to $231.2 billion, the U.S. Census Bureau announced.

Galleher Partnering with Tarkett to Distribute Johnsonite Brand

Galleher Partnering with Tarkett to Distribute Johnsonite Brand

Santa Fe Springs, CA, May 25, 2017—Galleher Corp. is pleased to announce it has entered into a distribution agreement with Tarkett to begin immediate distribution of the Johnsonite brand throughout Galleher’s distribution territory, which covers all of Arizona, Nevada, and California.

National Home Values Hit Highest Peak Since 2007, Zillow

National Home Values Hit Highest Peak Since 2007, Zillow

Seattle, WA, May 25, 2017—National home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade, according to the April Zillow Real Estate Market Reports. The median home value in the U.S. is now $198,000, 1% higher than peak value hit in 2007.