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.
Construction Spending Rose 2.2% in April to 6.5 Year High
Washington, DC, June 1, 2015—U.S. construction spending increased 2.2% in April to the highest level in nearly six-and-a-half years, according to the Commerce Department.
Manufacturing Activity Increased in May for 29th Consecutive Month
Tempe, Arizona, June 1, 2015—Economic activity in the manufacturing sector expanded in May for the 29th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
Consolidated Carpet Discusses Challenge of Competition in WSJ Article
New York, NY, June 1, 2015—An article in Sunday’s edition of the Wall Street Journal detailed the current challenge of New York’s Consolidated Carpet in competing with non-union shops that undercut the business’ prices.
GDP Revised Down for Q1, Indicating That Economy Contracted
Washington, DC, June 1, 2015—The U.S. gross domestic product for the first three months of 2015 was revised down, clocking in at -0.7% and indicating that the economy actually contracted in the first quarter.
Palo Duro Hardwoods to Represent Bamboo Hardwoods
Seattle, WA, June 1, 2015— Bamboo Hardwoods has entered into a distribution agreement with Palo Duro Hardwoods as a new bamboo flooring distributor partner.
Pending Home Sales at Nine-Year High in April
Washington, DC, May 29, 2015—Pending home sales rose in April for the fourth straight month and reached their highest level in nine years, according to the National Association of Realtors.
Florim's 7th Sustainability Report Details Improvements in All Key Indicators
Fiorano Modenese MO, ITA, May 29, 2015—Florim has released its seventh sustainability report, which marks the sixth consecutive year of growth and improvement in all key indicators.
Consumer Sentiment Declined in April
Ann Arbor, MI, May 29, 2015—The University of Michigan’s final index of consumer sentiment for the month of April decreased to 90.7 from 95.9.
Mohawk Plans to Consolidate Plants in SC and NC
Landrum, SC, May 29, 2015—Mohawk will close its Landrum, South Carolina operations and consolidate in Eden, North Carolina, according to GSA Business.
Interface Using Recycled PVB in Production of Carpet Tile
Atlanta, GA, May 29, 2015—Interface is now using the laminate material (PVB), which prevents automobile windows from shattering, in the production of carpet tiles.
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