Mike O’Connell, President of PCI FlorTech, Dies
Addison, IL, August 28, 2017—Mike O’Connell, president of PCI FlorTech of Addison, Illinois, passed away on August 25.
Today's Flooring News
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Multifamily Production Index Increased by Eight Points in Q2
Washington, DC, August 25, 2017—The Multifamily Production Index (MPI), released by the National Association of Home Builders (NAHB), posted a gain of eight points to 56 in the second quarter.
Durable Goods Orders Fell 6.8% in July
Washington, DC, August 25, 2017—New orders for manufactured durable goods in July decreased $16.7 billion or 6.8% to $229.2 billion, the U.S. Census Bureau announced.
Toll Brothers Increases Income and Revenues in Q3
Horsham, PA, August 25, 2017—Toll Brothers, Inc. announced 2017 Q3 net income was $148.6 million, compared to net income of $105.5 million in 2016 Q3.
Architecture Billings Fell to 51.9 in July, Remained Positive
Washington, DC, August 24, 2017— The American Institute of Architects (AIA) reported the July ABI score was 51.9, down from a score of 54.2 in the previous month., as reflected in the July Architecture Billings Index (ABI).
A&D Firm's Nelson and WK Merge
San Francisco, CA, August 24, 2017—After a string of recent national moves, Nelson, a global architecture and design firm, announced it will merge operations with WK design group, located in San Francisco, California.
Existing Home Sales Fell 1.3% in July, But Up 2.1% YOY
Washington, DC, August 24, 2017—Total existing-home sales slipped 1.3% to a seasonally adjusted annual rate of 5.44 million in July from a downwardly revised 5.51 million in June, according to the National Association of Realtors.
CTEF Introduces Regional Evaluators Program
Pendleton, SC, August 24, 2017—The Ceramic Tile Education Foundation (CTEF) has developed a Regional Evaluators (RE) program to expand the Certified Tile Installer (CTI) Program hands-on testing.
Lowe's Increases Both Earnings & Sales YOY in Q2
Mooresville, NC, August 23, 2017—Lowe’s reported net earnings of $1.4 billion for Q2 2017, compared to net earnings of $1.2 billion in Q2 2016.
Single-Family Home Sales Fell 9.4% in July
Washington, DC, August 23, 2017—Sales of new single-family houses in July 2017 were at a seasonally adjusted annual rate of 571,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.