July 30, 2014
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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.
Consumer Confidence Spikes Higher in July
New York, NY, July 29, 2014 -- The Conference Board said that its index of consumer confidence increased to 90.9 in July from 86.4 in June.
Mortgage Applications Down on Lower Refinancing
Washington, DC, July 30, 2014 -- Mortgage application volume fell last week, according to the Mortgage Bankers Association.
Philadelphia Floor Store To Distribute New Nailer
Philadelphia, PA, July 30, 2014 -- Hardwood flooring distributor Philadelphia Floor Store has teamed with fastener company Primatech to launch the new PRO 245 Nailer.
Armstrong To Produce Engineered Handscrapes in U.S.
Lancaster, PA, July 29 –-Armstrong said it is onshoring the manufacture of scraped engineered hardwood flooring to its Somerset, Kentucky, facility and closing its facility in Kunshan, China, where the products are currently made.
CARE Annual Report Highlights Successes
Dalton, GA, July 29, 2014 -- Carpet America Recovery Effort has reported a more than 52% increase in U.S. gross post-consumer carpet collections from 2012 to 2013.
Tile Shop Holdings Reports Lower Q2 Earnings
Minneapolis, MN, July 29, 2014 -- Tile Shop Holdings reported second quarter net income of $4.0 million, down from $6.5 million in the same quarter last year.
Home Price Increases Slow in May
New York, NY, July 29, 2014 -- Home prices in May rose 9.4% year-over-year, according to the S&P/Case-Shiller index.
Dixie Group Reports Loss Despite Sales Growth
Chattanooga, TN, July 28, 2014 -- The Dixie Group reported a second quarter net loss of $644,000, or $0.04 per share, compared to net income of $1.64 million, or $.13 per share, a year ago.
Pending Home Sales Down First Time in Four Months
Washington, DC, July 24, 2014 -- Pending home sales declined 1.1% June to mark the first decline in four months, according to the National Association of Realtors.
Armstrong Sees Second Quarter Income Fall
Lancaster, PA, July 28, 2014 --Armstrong World Industries reported lower second quarter income than a year ago but slightly higher revenues.
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