July 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.
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.
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.
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.
GDP Grew at 1.2% in Q2, According to Advance Estimate
Washington, DC, July 29, 2016--Real gross domestic product increased at an annual rate of 1.2% in the second quarter of 2016, according to the advance estimate released by the Bureau of Economic Analysis.
J+J Promotes Josh Hall to VP Manufacturing
Dalton, GA, July 29, 2016—J+J Flooring Group has announced that it has promoted Josh Hall to vice president—manufacturing.
For Q2 Interface Global Reports Flat Earnings on 5.9% Decrease in Sales
La Grange, GA, July 28, 2016—Interface Global reported sales of $248.2 million, or $0.32 per share, in Q2 2016, versus $263.6 million, or $0.33 per share, in Q2 2015, a 5.9% decrease in net sales.
D.R. Horton Launches Line of Affordable Homes for "Active Adults"
Fort Worth, TX, July 28, 2016—Seeing that entry-level houses geared toward first-time homebuyers have become popular with retirees, D.R. Horton announced that it is establishing a new brand for “active adults," reports the Star Telegram.
EPA Issues Formaldehyde Ruling in Line with CARB Guidelines
Washington, DC, July 28, 2016—The U.S. Environmental Protection Agency (EPA) has moved to reduce exposure to formaldehyde vapors from certain wood products produced domestically or imported into the United States.
Lumber Liquidator's Net Sales Fell 4% in Q2
Toano, VA, July 27, 2016—Lumber Liquidators reported net sales for Q2 2016 of $238.1 million, a decrease of 4.0% from the Q2 2015’s $248 million.
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