July 1, 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.
AstroTurf Acquired After Filing Bankruptcy
Dalton, GA, July 1, 2016—AstroTurf filed Chapter 11 bankruptcy this week and will be acquired by SportGroup Holdings.
Stanton Acquires Crescent Carpet Importers
Long Island, NY, July 1, 2016—Jonathan Cohen, CEO of Stanton Carpet Corporation, announced on June 24 that the firm has acquired the assets of Crescent Carpet Importers.
Purchasing Managers Index Increased by 0.5% in May
Tempe, AZ, July 1, 2016—The May Purchasing Managers Index registered 51.3%, an increase of 0.5 percentage point from the April reading of 50.8%, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
April Construction Spending Fell 1.8% from March, But Up 4.5% YOY
Washington, DC, July 1, 2016—Construction spending during April 2016 was estimated at a seasonally adjusted annual rate of $1,133.9 billion, 1.8% below the revised March estimate, the U.S. Census Bureau of the Department of Commerce announced.
Floor Covering Leadership Council Works to Resolve Industry Hurdles
Charlotte, NC, July 1, 2016—The Floor Covering Leadership Council conducted its first meeting of 2016 on April 29 in Charlotte, North Carolina.
NeoCon Attendance Up 6%
Chicago, IL, June 30, 2016—Registration at NeoCon 2016 was up 6% from last year, drawing 53,000 professionals from around the world.
May Construction Employment Down or Flat in 37% of Metro Areas YOY
Arlington, VA, June 30, 2016—Construction employment declined or was stagnant in 131, or 37%, of 358 metro areas between May 2015 and May 2016, according to the Associated General Contractors of America.
Jon Pierce Celebrating 50 Years with Pierce Flooring
Bozeman, MT, June 30, 2016—Jon Pierce is celebrating his 50th anniversary with Pierce Flooring.
Paul Cleary Appointed CEO of Lexmark
Dalton, GA, June 29, 2016—Lexmark Carpet Mills has announced the appointment of Paul Cleary as chief executive officer.
Pending Home Sales Fell in May, Marking First YOY Decline Since August '14
Washington, DC, June 29, 2016—After steadily increasing for three straight months, pending home sales slowed in May, declining 3.7% to 110.8, according to the National Association of Realtors.
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