Orders for Manufactured Goods Fell 0.8% in May
Washington, DC, July 5, 2017—New orders for manufactured goods in May, down two consecutive months, decreased $3.7 billion or 0.8% to $464.9 billion, the U.S. Census Bureau reported.
Today's Flooring News
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Home Prices Rose 6.6% YOY in May, Says CoreLogic
Irvine, CA, July 5, 2017—Home prices nationally increased year over year by 6.6% from May 2016 to May 2017, and on a month-over-month basis, home prices increased by 1.2% in May 2017 compared with April 2017, according to the CoreLogic Home Price Index (HPI) and HPI Forecast.
Construction Spending Held Steady in May at $1.23 Trillion
Washington, DC, July 5, 2017—Construction spending in May totaled $1.230 trillion at a seasonally adjusted annual rate, unchanged from the upwardly revised April total, according to an analysis of new government data by the Associated General Contractors of America.
Rieter of Switzerland Acquires SSM Textile Machinery Division
Winterthur, Switzerland, July 3, 2017—On June 30, Rieter acquired the SSM Textile Machinery Division (SSM) from Schweiter Technologies AG, Horgen (Switzerland).
Keene Purchases Village Plastics Company
Cleveland, OH, July 3, 2017—Keene Family of Companies announces an addition to its portfolio: Village Plastics Company.
CFI Releases Convention and Training Schedule Details
Lenexa, WS, July 3, 2017—Certified Flooring Installers will hold its annual convention at the Rosen Shingle Creek Resort in Orlando, Florida, August 16 to 18. Registration is available here: https://www.cficonvention.com.
Personal Income Rose 0.4% in May, Spending Up 0.1%
Washington, DC, June 30, 2017—Personal income increased $67.1 billion (0.4%) in May according to estimates released by the Bureau of Economic Analysis.
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.
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.