FloorFolio Earns First Canadian Patent
Edison, NJ, August 2, 2017—FloorFolio Industries has announced the issuance of its first Canadian patent, moving the company’s total number of patents to three.
Today's Flooring News
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Caldwell Named VP of Hosp. & Comm. Sales for Sponge Cushion
Morris, IL, August 2, 2017 – Sponge Cushion, Inc., a Leggett & Platt company and producer of the Tred-MOR brand floor and acoustic cushioning products, has announced that Matt Caldwell has assumed the position of vice president of hospitality and commercial sales.
June Construction Spend Fell on Decreases in Infrastructure & Edu.
Arlington, VA, August 2, 2017—Construction spending in June declined from May but increased from a year ago as public investment shrank for nearly every type of structure, according to an analysis of new government data by the Associated General Contractors of America.
Home Prices Rose 6.7% YOY in June, Says CoreLogic
Irvine, CA, August 1, 2017—Home prices nationally increased year over year by 6.7% from June 2016 to June 2017, and on a month-over-month basis, home prices increased by 1.1% in June 2017 compared with May 2017, according to the CoreLogic Home Price Index (HPI).
Lumber Liquidators Reports Net Sales Increase of 10.7% YOY in Q2
Toano, VA, August 1, 2017—Lumber Liquidators reported net sales for the second quarter 2017 increased 10.7% to $263.5 million from $238.1 million in the second quarter of 2016.
Floor & Decor CEO Sells $5.9 Million in Company Stock
Atlanta, GA, August 1, 2017—Floor & Decor CEO Thomas V. Taylor sold 154,262 shares of the company’s stock, nearly half his holding, in a transaction that occurred on July 25.
Construction Spending Fell 1.3% in June
Washington, DC, August 1, 2017—Construction spending during June 2017 was estimated at a seasonally adjusted annual rate of $1,205.8 billion, 1.3% below the revised May estimate of $1,221.6 billion, says the U.S. Census Bureau.
Manufacturing Retracted Slightly in June but Remained Positive
Tempe, AZ, August 1, 2017—The July Purchasing Manager’s Index registered 56.3%, a decrease of 1.5 percentage points from the June reading of 57.8%, according to the Manufacturing ISM Report On Business.
Consumer Income and Spending Virtually Flat in June
Washington, DC, August 1, 2017--Personal income decreased $3.5 billion (less than -0.1%) in June according to estimates released by the Bureau of Economic Analysis.
John Hamar, Former President & CEO of Horner Flooring, Has Died
Chassell, MI, August 1, 2017—John C. Hamar, 88, formerly president and CEO of Hamar Flooring, died July 17, 2017, after a lengthy illness.