Nourison Donates Rugs for Tornado Relief
Saddle Brook, NJ, May 25, 2018—Nourison is donating ten rugs to nonprofit, The Barnabas Network, to support tornado relief efforts in Greensboro, North Carolina.
Today's Flooring News
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.
Existing Home Sales Fell 2.5% in April on Inadequate Supply
Washington, DC, May 24, 2018—Total existing-home sales decreased 2.5% to a seasonally adjusted annual rate of 5.46 million in April from 5.60 million in March, according to the National Association of Realtors.
Crossville Names Winner of Common Thread Scarf Design Contest
Crossville, TN, May 24, 2018—Crossville Inc. has announced Shelby Ferriter as creator of the winning design for the company’s biennial Common Thread for the Cure Scarf Design Contest.
MI Flooring Company Robbed After Promo Item Mistaken for Gold
Wyoming, MI, May 23, 2018—Old to Gold Hardwood Floors in Wyoming, Michigan was robbed recently after a would-be thief mistook the company’s pile of promotional gold bricks for the real thing, reports Fox 17.
Home Prices Rose 1.7% in Q1
Washington, DC, May 24, 2018—U.S. house prices rose 1.7% in the first quarter of 2018, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).
USG Expanding Sales Force to Support Poured Flooring Business
Chicago, IL, May 24, 2018—USG Corporation announced that it has reached an agreement with Alcorp Marketing through which Alcorp employees will join USG as full-time USG sales representatives as of July 1, 2018.
April New Home Sales Fell From March, But Rose 11.6% YOY
Washington, DC, May 23, 2018—Sales of new single-family houses in April 2018 were at a seasonally adjusted annual rate of 662,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.
AIA Architecture Billings Index Ticked Up in April
Washington, DC May 23, 2018—The American Institute of Architects (AIA) Architecture Billings Index (ABI) score for April was 52.0 (any score over 50 is billings growth), which indicates the business environment continues to be healthy for architecture firms despite continued labor shortages, growing inflation in building materials costs and rising interest rates.
Lowe's (LOW) Reports Q1 Earnings
Mooresville, NC, May 23, 2018—Lowe’s increased net earnings by 61% in Q1.
Todd van der Kruik Named VP of Global Design for Milliken
Spartanburg, SC, May 23, 2018—Todd van der Kruik has been appointed vice president of global design for Milliken’s global Floor Covering Division.