June Consumer Sentiment Fell 2.1% from May, Still Up 1.7% YOY
Ann Arbor, MI, June 30, 2017—Consumer sentiment fell 2.1% to 95.1 in June, following May’s 97.1 reading, according to the University of Michigan’s Survey of Consumers final results.
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.
Lumber Liquidators Names Lee Reeves as SVP/CLO
Toana, VA, June 30, 2017—Lumber Liquidators has appointed Lee Reeves as senior vice president, chief legal officer and corporate secretary.
Daltile Held Advisory Member Meeting
Dallas, TX, June 30, 2017—Daltile recently held its bi-annual meeting with key customer advisory board members to ensure the Daltile Statements Dealer Program continues to be a relevant and effective tool for retail partners.
Q1 GDP Revised Up to 1.4%
Washington, DC, June 29, 2017—Real gross domestic product (GDP) increased at an annual rate of 1.4% in the first quarter of 2017, according to the third estimate released by the Bureau of Economic Analysis.
Florida Court Issues Ruling in Unilin Patent Infringement Case
Wielsbeke, Belgium, June 28, 2017—A United States District Court in Florida, on June 22, 2017, awarded damages to Unilin and granted permanent injunctions in Unilin’s favor following a finding of infringement of patents relating to Unilin’s bevel or “v-groove” technology and Unilin’s embossed-in-register technology.
Clear Path Recycling Wins GE's Ecomagination Leadership Award
Trevose, PA, June 29, 2017—GE Water & Process Technologies has honored Clear Path Recycling with its Ecomagination Leadership and Return on Environment (ROE) awards to recognize the plastic bottle recycling operation for its noteworthy reductions in chemical usage and cost.
Bonitz and Measure Square Announce Strategic Partnership
Columbia, SC, June 29, 2017—Bonitz Flooring Group, a division of Bonitz Inc., and Measure Square Corp. have come together to announce a new strategic partnership.
Engineered Floors Completes Fifth Expansion of SAM Plant
Dalton, GA, June 28, 2017—To continue to meet customer demand, Engineered Floors recently completed the fifth phase of expansion to SAM, the largest single-site carpet manufacturing plant in the world.
Pending Home Sales Fell 0.8% in May
Washington, DC, June 28, 2017—The Pending Home Sales Index decreased 0.8% to 108.5 in May from a downwardly revised 109.4 in April. The index is now 1.7% below a year ago, which marks the second straight annual decline and the most recent since November and December of last year.
KB Home Revenues Up 24% YOY to $1.0 Billion in Q2 2017
Los Angeles, CA, June 28, 2017—KB Home reported revenue of $1.00 billion for Q2 2017, a 24% increase over Q2 2016’s $808.5 million.