August 26, 2016
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Robert Dietz with the NAHB Discusses Growth Trends in the Housing Market
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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.
Private Sector Employment Rose by 179,000 in July
Roseland, NJ, August 3, 2016—Private sector employment increased by 179,000 jobs from June to July, according to the July ADP National Employment Report.
Consumer Reports Issues Report on Formaldehyde Levels in Flooring
New York, NY, August 2, 2016—Consumer Reports weighed in on the formaldehyde in flooring issue with its own series of tests.
Prices for Globally Traded Hardwood Chips Fell to Record Low in May
Bothell, WA, August 2, 2016—The prices for globally traded hardwood chips fell to a record low in May 2016, while softwood chip prices reached the highest level in seven months, according to the latest FOEX Chip Price Indexes.
Purchasing Managers' Index Fell 0.6% in July to 52.6%
Tempe, AZ, August 1, 2016—The July Purchasing Managers' Index (PMI) registered 52.6%, a decrease of 0.6 percentage point from the June reading of 53.2%, say the nation's supply executives in the latest Manufacturing ISM Report On Business.
Construction Spending Down in June, But Up 6.2% YOY for First 6 Months
Washington, DC, August 1, 2016—Construction spending during June 2016 was estimated at a seasonally adjusted annual rate of $1,133.5 billion, 0.6% below the revised May estimate of $1,140.9 billion, the U.S. Census Bureau announced.
Consumer Sentiment Closes July Down 3.7%
Ann Arbor, MI, July 29, 2016—Consumer sentiment fell 3.7% to 90.0 in July from June’s 93.5, according to the final results from the University of Michigan’s Survey of Consumers.
Homeownership at Lowest Level Since 1965
Washington, DC, July 29, 2016—National vacancy rates in the second quarter 2016 were 6.7% for rental housing and 1.7% for homeowner housing, the Department of Commerce’s Census Bureau has announced.
NAHB Poll Shows That Homeownership Remains Priority for Americans
Arlington, VA, July 29, 2016—An overwhelming four-out-of-five Americans believe that owning a home is a good investment, according to a recent poll commissioned by the National Association of Home Builders.
Armstrong Rolls Out Premium Pro+ Local Marketing Program with Houzz
Lancaster, PA, July 29, 2016—Armstrong Flooring, Inc. and Houzz have announced the launch of Houzz Pro+ for flooring retailers who are part of the company’s Elevate retail support program.
Construction Spending Falls in June for Third Consecutive Month
Arlington, VA, August 2, 2016—Construction spending in June totaled $1.134 trillion at a seasonally adjusted annual rate, 0.6% lower than the May total, the third straight month of decline, according to the Association of General Contractors.
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