July 6, 2015
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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.
Leading Economic Indicators Rise More Than Expected
New York, NY, June 19, 2015 -- The index of leading economic indicators rose 0.7% in May for the second month in a row, the Conference Board said.
Armstrong Recycling Program Recognized in LA
Lancaster, PA, June 19, 2015 -- Armstrong Commercial Flooring said it has received the 2015 Los Angeles Green Leadership Award for its floor recycling program and waste reduction initiatives.
Commercial Mortgage Debt Rises in First Quarter
Washington, DC, June 19, 2015 -- The level of commercial/multifamily mortgage debt outstanding increased by $40.4 billion in the first quarter of 2015, according to the Mortgage Bankers Association.
Builder KB Home Reports Lower Income, Higher Sales
Los Angeles, CA, June 19, 2015 -- Homebuilder KB Home reported second quarter net income totaled $9.6 million, or $.10 per share, compared to $26.6 million, or $.27 per diluted share, for the second quarter of 2014.
Annual Rent Increases Outpace General Inflation
Washington, DC, June 19, 2015 -- Annual rent increases are running well ahead of general inflation trends, according to the Labor Department.
Chinese Replace Canadians as Top U.S. Home Buyers
Washington, DC, June 19, 2015 -- The Chinese are now the top foreign buyers of U.S. homes, according to a survey by the National Association of Realtors.
Parterre Flooring Systems Acquired by JMH Capital
Boston, MA, June 18, 2015—JMH Capital has acquired Parterre Flooring Systems. The acquisition was made in partnership with Parterre president T. Fred Roche, who will continue running the company.
Trade Deficit Increased to $113.3 Billion in Q1 2015
Washington, DC, June 18, 2015—The U.S. current-account deficit increased to $113.3 billion in the first quarter of 2015 from $103.1 billion in the fourth quarter of 2014, according to Department of Commerce.
Consumer Price Index Increased Slightly in May
Washington, DC, June 18, 2015—The Consumer Price Index for All Urban Consumers increased 0.4% in May on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reports.
Consumer Comfort Stabilizes After Nine Weeks of Decline
New York, NY, June 18, 2015—The Bloomberg Consumer Comfort Index increased to 40.9 in the period ended June 14 from 40.1 the prior week.
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