July 2, 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.
Mortgage Rates See Little Movement
Washington, DC, June 5, 2015 -- Average long-term U.S. mortgage rates this week remained near their highest of the year.
Planned Job Cuts Decline Sharply in May
Chicago, IL, June 4, 2015 -- After reaching a three year high in April, planned job cuts announced by U.S.-based firms declined sharply in May, falling by 33% to 41,034.
U.S. Oil Industry Can Survive Low Prices
Vienna, Austria, June 4, 2015 -- Despite lower oil prices, the U.S. oil shale industry is in decent shape, according to Ryan Lance, CEO of oil firm ConocoPhillips.
Initial Jobless Claims Remain Low Last Week
Washington, DC, June 4, 2015 -- Initial claims for unemployment benefits last week remained near a 15-year low, according to the Labor Department.
Still Difficult for Most to Buy a Home, Lennar CEO Says
New York, NY, June 4, 2015 -- The housing market is improving but at a very slow pace, homebuilder Lennar CEO Stuart Miller said on financial news channel CNBC.
Women Make Up Majority of Single-Person Households
Cambridge, MA, June 4, 2015 -- Perhaps nothing speaks greater volume about changes in modern American life than the rise of the single-person household, says Harvard's Joint Center for Housing Studies.
J+J Flooring Group Video Wins Award
Dalton, GA, June 4, 2015 -- J+J Flooring Group said its “Ingenuity. Every day.” video has been named a Gold Winner in the corporate image category of the 2015 Hermes Creative Awards.
Private Sector Employment Adds 201K Jobs
Roseland, NJ, June 3, 2015—Private sector employment increased by 201,000 jobs from April to May, according to ADP.
LL Loses Third Member of Its Executive Team
Toano, VA, June 3, 2015—Lumber Liquidators has lost another member of its top management team, according to the New York Post. Ray Cotton, chief compliance officer, has left the company.
Construction Employment Up in 232 of 358 Metro Areas in April
Arlington, VA, June 3, 2015—Construction employment expanded in 232 metro areas, declined in 66 and was stagnant in 60 between April 2014 and April 2015, says the Associated General Contractors of America.
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