PMI Expanded in February
Tempe, AZ, March 1, 2018—The February Purchasing Manager’s Index (PMI) registered 60.8%, an increase of 1.7 percentage points from the January reading of 59.1%, according to the latest Manufacturing ISM Report On Business.
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.
Phenix Flooring Joins CarpetsPlus
Dalton, GA, March 1, 2018—Phenix Flooring, a Pharr family company, has joined CarpetsPlus as an approved vendor.
Q4 2017 GDP Estimate Revised from 2.6% to 2.5%
Washington, DC, February 28, 2018—Real gross domestic product (GDP) increased at an annual rate of 2.5% in the fourth quarter of 2017, according to the second estimate released by the Bureau of Economic Analysis.
Sales & Earnings Fell for Lowe's in Q4 2016, But Grew for FY
Mooresville, NC, February 28, 2018—Lowe’s Companies reported net earnings of $554 million for Q4 2017, a decrease of 19.7%, compared to net earnings of $663 million in Q4 2016.
Pending Home Sales Hit Three-Year Low in January
Washington, DC, February 28, 2018—The Pending Home Sales Index fell 4.7% to 104.6 in January from a downwardly revised 109.8 in December 2017, according to the National Association of Realtors. After last month’s retreat, the index is now 3.8% below a year ago and at its lowest level since October 2014 (104.1).
Toll Brothers Reports 87.6% Increase in Income for Q1 2018
Horsham, PA, February 28, 2018—Toll Brothers reported revenues of $1.2 billion for Q1 2018, an increase of 28% compared to Q1 2017’s $920 million.
Deadline for Submissions to Vision Design Awards Extended
Chattanooga, TN, February 28, 2018—The deadline for the 2018 Vision Design Awards has been extended until March 9.
Bostik Forms Partnership with Starnet
Wauwatosa, WI, February 28, 2018—Bostik, Inc. has announced its new partnership with Starnet Worldwide Commercial Flooring Partnership.
Metroflor Makes Changes to Sales Organization
Norwalk, CT, February 27, 2018—Metroflor Corporation announced promotions, role changes and territory adjustments in its sales organization.
Home Prices Rose 6.3% in December YOY
New York, February 27, 2018—The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6.3% annual gain in December, up from 6.1% in the previous month.