September 14, 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.
Economy Grows More Than Expected in Q2
Washington, DC, July 30, 2014 -- Gross domestic product rose more than expected in the second quarter, according to the Commerce Department.
Lumber Liquidators Reports Lower Income
Toano, VA, July 30, 2014 -- Lumber Liquidators reported that second quarter net income decreased 18.7% to $16.6 million, or $0.60 per share, compared to $20.4 million, or $0.73 per share, a year ago.
Mortgage Applications Down on Lower Refinancing
Washington, DC, July 30, 2014 -- Mortgage application volume fell last week, according to the Mortgage Bankers Association.
Mohawk Marks Milestone in Atlanta Habitat Program
Calhoun, GA, July 30, 2014 -- On Aug. 2, Mohawk will mark the fifth anniversary of its commitment to Habitat for Humanity with the installation of flooring in Mohawk’s 150th Habitat house in Atlanta.
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.
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.
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.
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