Emser Opens 72nd Branch and Its Fourth in Houston, Texas
Los Angeles, CA, June 19, 2017—Emser Tile has opened its 72nd branch in North America. The new location marks their fourth branch in Houston and tenth in Texas.
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.
EPA Returns to Original Timeline for Formaldehyde Compliance
High Point, NC, June 19, 2017––Formal objections to a revised compliance timeline for the federal formaldehyde rule have halted the update and triggered a potentially lengthy review process by the U.S. Environmental Protection Agency (EPA), reports the American Home Furnishings Alliance.
Construction Jobs Added in 42 States YOY in May
Arlington, VA, June 19, 2017—Forty-two states added construction jobs between May 2016 and May 2017 amid growing demand for construction services, while 25 states and the District of Columbia lost construction jobs between April and May as firms struggle to find enough workers, according to an analysis by the Associated General Contractors of America of Labor Department data released.
Homes Selling at Record Pace Due to Tight Supply
Englewood Cliffs, NJ, June 16, 2017—In May, the average house sat on the market only 37 days, according to a CNBC article called “Home are selling at a record-setting pace…again” by Diana Olick.
Consumer Sentiment Down 2.7% in June, Up 1.1% Over June '16
Ann Arbor, MI, June 16, 2017—Consumer sentiment fell 2.7% in early June to 94.5 from May’s 97.1, according to preliminary results from the Survey of Consumers. This represents a 1.1% increase over June 2016’s rate.
Housing Starts Fell 5.5% in May, Completions Rose 5.6%
Washington, DC, June 16, 2017—Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,092,000, 5.5% below the revised April estimate of 1,156,000 and is 2.4% below the May 2016 rate of 1,119,000, according to the Commerce Department.
Royalty Carpet Mills Closes Its Doors
Irvine, CA, June 14, 2017—Royalty Carpet Mills has shut its doors, effective immediately.
Builder Confidence Fell Two Points to 67 in May
Washington, DC, June 15, 2017— Builder confidence in the market for newly-built single-family homes weakened slightly in June, down two points to a level of 67 from a downwardly revised May reading of 69 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Industrial Production Flat in May
Washington, DC, June 15, 2017—Industrial production was unchanged in May following a large increase in April and smaller increases in February and March.
Balta Launches IPO on Brussels' Stock Exchange
Brussels, Belgium, June 13, 2017—Balta has launched its initial public offering on the Brussels’ stock exchange at 13.25 euros/share.