Alliance Names Its Retailers of the Year
Atlanta, GA, March 1, 2017—Alliance Flooring named the winners of its retail of the year awards at its annual meeting in Atlanta, Georgia.
Today's Flooring News
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Q4 GDP Growth Holds at 1.9% with Second Estimate
Washington, DC, February 28, 2017—Real gross domestic product (GDP) increased at an annual rate of 1.9% in the fourth quarter of 2016, according to the second estimate released by the Bureau of Economic Analysis.
Remodeling Spending Should Grow, Driven by Aging Homeowners
Cambridge, MA, February 28, 2017—Homeowner spending on remodeling is expected to see healthy growth through 2025, according to Demographic Change and the Remodeling Outlook, the latest biennial report in the Improving America’s Housing series released today by the Harvard Joint Center for Housing Studies.
Home Prices Rose 5.8% in December, S&P CoreLogic Case-Shiller
New York, NY, February 28, 2017--The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.8% annual gain in December, up from 5.6% last month and setting a 30-month high.
NWFA Announces Education Events for Expo in April
St. Louis, MO, February 28, 2017—The National Wood Flooring Association (NWFA) will feature a comprehensive selection of educational sessions during the 2017 Wood Flooring Expo, April 11 to April 14, in Phoenix, Arizona.
Home Depot's Flooring Department Drove Growth in Q4
Atlanta, GA, February 28, 2017—Flooring and tools were the two departments that achieved double growth at Home Depot during Q4 2016, reports HBSdealer.com.
Berkshire Hathaway Net Earnings Rose Almost 15% YOY in Q4
Omaha, NE, February 27, 2017—Berkshire Hathaway, owner of Shaw Industries, reported Q4 2016 net earnings of $6.286 billion, or $3,823 per Class A share equivalent, compared to $5.478 billion, or $3,333 a share, in Q4 2015.
Orders for Durable Goods Rose 1.8% in January
Washington, DC, February 27, 2017—New orders for manufactured durable goods in January increased $4.0 billion or 1.8% to $230.4 billion, the U.S. Census Bureau has announced.
Low Supply Hampered Pending Home Sales in January, Down 2.8%
Washington, DC, February 27, 2017—The Pending Home Sales Index decreased 2.8% to 106.4 in January from an upwardly revised 109.5 in December 2016, according to the National Association of Realtors.
Armstrong Names Shnier Its Residential Distributor of the Year
Lancaster, PA, February 27, 2017—Armstrong Flooring named Shnier as Residential Distributor of the Year.