Dixie Purchases Yarn Manufacturing Assets from Royalty
Dalton, GA, July 14, 2017—The Dixie Group has purchased all of the yarn manufacturing assets of the former Royalty Carpet Mills Porterville, California yarn plant.
Today's Flooring News
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Consumer Prices Rose 1.6% in June
Washington, DC, July 14, 2017—The Consumer Price Index for All Urban Consumers was unchanged in June on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index rose 1.6%.
Distributive Trade Sales & Manufacturers' Shipments Up 5.1% YOY
Washington, DC, July 14, 2017—The combined value of distributive trade sales and manufacturers’ shipments for May was estimated at $1,350.2 billion, down 0.2% from April 2017 but was up 5.1% from May 2016, according to the U.S. CEnsus Bureau.
Industrial Production Unchanged in May
Washington, DC, July 14, 2017—Industrial production was unchanged in May following a large increase in April and smaller increases in February and March.
40 Million Americans Live in Housing They Can't Afford, JCHS
New York, NY, July 14, 2017—According to research by Harvard University’s Joint Center for Housing Studies, almost 40 million Americans ‘live in housing they cannot afford,’ reports CNBC.
Retail Sales Down 0.2% in June, Up 2.8% YOY
Washington, DC, July 14, 2017—Advance estimates of U.S. retail and food services sales for June 2017 were $473.5 billion, a decrease of 0.2% from the previous month, and 2.8% above June 2016, according to the U.S. Census Bureau.
American OEM Hosting Lunch for Correctional Center Employees
Burns, TN, July 14, 2017—The third annual Staff Appreciation Lunch is taking place today at Turney Center Correctional Facility, the manufacturing location for American OEM.
Tandus Centiva Introduces First Area Rug Offering
Dalton, GA, July 13, 2017—Tandus Centiva has entered the area rug market with a woven collection.
J+J Publishes Fifth Sustainability Report
Dalton, GA, July 13, 2017—J+J Flooring Group marked continued progress towards its environmental performance goals according to the company’s fifth annual corporate sustainability report, published this week.
NAHB Reports Shortage of Framing Lumber & Building Materials
Washington, DC, July 13, 2017—“For several years now, the recovery in single-family home building has been hampered by shortages of labor and lots. Availability of building materials, meanwhile, has not been much of an issue. But that may be starting to change,” reports the NAHBs Eye on Housing by Paul Emrath.