Xpress Global Systems Opens Lakeland, Florida Service Center
Chattanooga, TN, June 19, 2018—Xpress Global Systems (XGS) is pleased to announce the opening of a new 68,500 square foot service center in Lakeland, Florida.
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.
JCHS Releases '18 State of Nation's Housing Report
Cambridge, MA, June 19, 2018—Since the Harvard Joint Center for Housing Studies first released its State of the Nation’s Housing report in 1988, more than 40 million housing units have been built in the U.S., the country has added 27 million new households, and last year’s national homeownership rate of 63.9% was very close to the 64% rate of the late 1980s.
Builder Confidence Falls Two Points in June
Washington, DC, June 18, 2018—Builder confidence in the market for newly-built single-family homes fell two points to 68 in June on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Construction Employment Rose in 42 States & DC in May YOY
Washington, DC, June 18, 2018—Forty-two states and the District of Columbia added construction jobs between May 2017 and May 2018, while 28 states added construction jobs between April and May, according to an analysis by the Associated General Contractors of America of Labor Department data.
FloorFolio Expands Into Cabinets, Wall Tile & Countertops
Edison, NJ, June 18, 2018—FloorFolio announces its expansion from the flooring industry into cabinets, wall tiles, and countertops with its newly formed division, Design-Suite.
Consumer Sentiment Rose 1.3% in Early May
Ann Arbor, MI, June 15, 2018—Consumer sentiment rose 1.3% to 99.3 in early June from May’s 98.0 rate, according to the University of Michigan Survey of Consumers.
List of Chinese Goods to Be Tarriffed Does Not Include Flooring
Washington, DC, June 15, 2018—President Donald Trump announced that the U.S. would apply tarriffs of 25% to around $50 billion worth of Chinese imports, reports Business Insider.
30%+ of Multifam Development Cost Due to Regulation, Says NAHB
Washington, DC, June 15, 2018—Regulation imposed by all levels of government accounts for an average of 32.1% of multifamily development costs, according to new research released today by the National Association of Home Builders (NAHB) and the National Multifamily Housing Council (NMHC).
Industrial Production Inched Down in May
Washington, DC, June 15, 2018—Industrial production edged down 0.1% in May after rising 0.9% in April, according to the Federal Reserve.
Mannington Announces Student Winners of Scholarships
Salem, NJ, June 15, 2018—Mannington Mills is a corporate sponsor of the National Merit Scholarship Corporation and underwrites a scholarship for children of its associates.