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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.

U.S. Current Account Deficit Hits $123.1 Billion in Q2

U.S. Current Account Deficit Hits $123.1 Billion in Q2

Washington, DC, September 19, 2017-- The U.S. current-account deficit increased to $123.1 billion (preliminary) in the second quarter of 2017 from $113.5 billion (revised) in the first quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA).

Housing Starts Fell 0.8% in August but Rose 1.4% YOY

Housing Starts Fell 0.8% in August but Rose 1.4% YOY

Washington, DC, September 19, 2017—Privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,180,000. This is 0.8% below the revised July estimate of 1,190,000, but is 1.4% above the August 2016 rate of 1,164,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced.

Classen Files Patent Infringement Action Against IVC

Classen Files Patent Infringement Action Against IVC

Kaisersesch, DE, September 19, 2017—Akzenta Paneele + Profile GmbH, a subsidiary company of the Classen Group, has filed a patent infringement action against Mohawk Industries’ companies IVC US, Inc. and IVC N.V. (collectively, IVC) in the United States District Court for the Northern District of Georgia asserting United States Patent Nos. 7,146,772, 8,544,231, 9,175,475, and 9,695,851.

I4F Files Inter Partes Review with U.S. Patent Office

I4F Files Inter Partes Review with U.S. Patent Office

Willemstad, Curaçao, September 19, 2017—Innovations4Flooring (I4F) has announced that it has filed an inter partes review (IPR) petition at the Patent Trial and Appeal Board (PTAB) in the U.S. Patent and Trademark Office (USPTO) to nullify Välinge’s U.S. Patent No. 7,398,625.

Impacted by Hurricanes, Builder Confidence Fell 3 Points in Sept.

Impacted by Hurricanes, Builder Confidence Fell 3 Points in Sept.

Washington, DC, September 18, 2017—Builder confidence in the market for newly-built single-family homes fell three points to a level of 64 in September from a downwardly revised August reading of 67 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

Thirty-Four States & DC Added Construction Jobs YOY in August

Thirty-Four States & DC Added Construction Jobs YOY in August

Arlington, VA, September 18, 2017—Thirty-four states and the District of Columbia added construction jobs between August 2016 and August 2017, while 30 states added construction jobs between July and August amid strong demand for construction work in most parts of the country, according to an analysis by the Associated General Contractors of America Labor Department data.