Guitar Manufacturer Gibson Files for Bankruptcy
Nashville, TN, May 2, 2018—Guitar manufacturer Gibson has filed for bankruptcy.
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.
April PMI Falls Two Points, Remains Positive
Tempe, AZ, May 1, 2018—The April Purchasing Managers Index registered 57.3%, a decrease of two percentage points from the March reading of 59.3%, according to the Manufacturing ISM Report On Business.
Classen Group Joins NALFA
Washington, DC, May 1, 2018—Classen Group has joined the North American Laminate Flooring Association (NALFA) as its newest regular member.
Construction Spending Rose 3.6% YOY in March
Washington, DC, May 1, 2018—Construction spending during March 2018 was estimated at a seasonally adjusted annual rate of $1,284.7 billion, 1.7% below the revised February estimate of $1,306.4 billion, according to the U.S. Census Bureau.
Home Prices Rose 7% YOY in March, CoreLogic
Irvine, CA, May 1, 2018—Home prices increased nationally by 7% year over year from March 2017 to March 2018, while on a month-over-month basis, prices increased by 1.4% in March 2018, according to the CoreLogic Home Price Index (HPI).
Nonn Flooring Acquires Malkin's Flooring
Middleton, WI, April 30, 2018—Middleton-based retailer Nonn’s Flooring has acquired Malkin’s Flooring of Menomonee Falls.
Crossville Announces Educational Offerings at Coverings
Crossville, TN, April 30, 2018—Domestic tile manufacturer Crossville will be offering education opportunities at Coverings, including informative sessions live at Booth #7654 as well as sessions offered as part of the show’s education schedule.
Starnet Names 2018 to 2019 Board of Directors
Darien, CT, April 30, 2018—During the Starnet 2018 Annual Meeting held in Orlando, Florida from April 19 to 22, it was announced that the members of Starnet Commercial Flooring re-elected three incumbents to the Starnet board of directors and that the board of directors elected the board officers for the 2018 to 2019 term.
Pending Home Sales Rose 0.4% in March
Washington, DC, April 30, 2018—The Pending Home Sales Index inched up 0.4% to 107.6 in March from a downwardly revised 107.2 in February, according to the National Association of Realtors.
Personal Income & Spending Both Rose in March
Washington, DC, April 30, 2018—Personal income increased $47.8 billion (0.3%) in March according to estimates released by the Bureau of Economic Analysis.