Durable Goods Orders Fell 0.7% in April
Washington, DC, May 26, 2017—New orders for manufactured durable goods in April decreased $1.6 billion or 0.7% to $231.2 billion, the U.S. Census Bureau announced.
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.
AdvanSix Increases Price for Caprolactam and Nylon 6 Resin
Parsippany, NJ, May 26, 2017—AdvanSix is making the following price change announcement effective June: an increase of $0.07/pound for caprolactam and nylon 6 resin.
EPA Extends Compliance Date for Formaldehyde Emission Standards
Washington, DC, May 26, 2017—The EPA published a direct final rule to extend the compliance date for formaldehyde emission standards for composite wood products to March 22, 2018, according to the Hardwood, Plywood & Veneer Association.
Galleher Partnering with Tarkett to Distribute Johnsonite Brand
Santa Fe Springs, CA, May 25, 2017—Galleher Corp. is pleased to announce it has entered into a distribution agreement with Tarkett to begin immediate distribution of the Johnsonite brand throughout Galleher’s distribution territory, which covers all of Arizona, Nevada, and California.
National Home Values Hit Highest Peak Since 2007, Zillow
Seattle, WA, May 25, 2017—National home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade, according to the April Zillow Real Estate Market Reports. The median home value in the U.S. is now $198,000, 1% higher than peak value hit in 2007.
New MSI Showroom in San Diego Opens
San Diego, CA, May 25, 2017—MSI’s new San Diego showroom and distribution center is open for business.
Four-Week Moving Average for Unemployment Hits 44-Year Low
Washington, DC, May 25, 2017—In the week ending May 20, the advance figure for seasonally adjusted initial claims was 234,000, an increase of 1,000 from the previous week's revised level, according to the Department of Labor.
WFCA Expands its University Training Program Offerings By 20%
Dalton, GA, May 25, 2017––World Floor Covering Association has announced the next phase of expansion of the association’s WFCA University training program.
Sales Rise 10.7% for Lowe's in Q1 but Earnings Fall 46%
Mooresville, NC, May 24, 2017—Lowe's reported net earnings of $602 million Q1 2017, compared to net earnings of $884 million in Q1 2016.
Existing-Home Sales Fell 2.3% in April, Up 1.6% YOY
Washington, DC, May 24, 2017—Total existing-home sales dipped 2.3% to a seasonally adjusted annual rate of 5.57 million in April from a downwardly revised 5.70 million in March. Despite last month's decline, sales are still 1.6% above a year ago and at the fourth highest pace over the past year, according to the National Association of Realtors.