Personal Income & Spending Rose 0.4% in April
Washington, DC, May 30, 2017—Personal income increased 0.4% to $58.4 billion in April, according to estimates released by the Bureau of Economic Analysis.
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.
Home Prices Rose 5.8% YOY in March, S&P CoreLogic Case-Shiller
New York, NY, May 30, 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 March, up from 5.7% last month and setting a 33-month high.
Lumber Liquidators Names Timothy Mulvaney as VP/CAO
Toano, VA, May 30, 2017—Lumber Liquidators has appointed Timothy J. Mulvaney as senior vice president, chief accounting officer, who will report to Marty Agard, the company's chief financial officer.
Consumer Sentiment Rose 0.1% in May, Up 2.5% YOY
Ann Arbor, MI, May 26, 2017—Consumer sentiment closed May 2017 at a rate of 97.1, a 0.1% increase over April’s 97.0 rate, according to final results from the University of Michigan Survey of Consumers.
GDP Increased to Rise of 1.2% for Q1, According to Second Estimate
Washington, DC, May 26, 2017—Real gross domestic product (GDP) increased at an annual rate of 1.2% in the first quarter of 2017, according to the "second" estimate released by the Bureau of Economic Analysis.
Multifamily Production Fell Seven Points to 48 in in Q1
Arlington, VA, May 26, 2017—The Multifamily Production Index (MPI), released by the National Association of Home Builders (NAHB), dropped seven points to 48 in the first quarter of 2017. The MPI has not had a reading of under 50 since the fourth quarter of 2011.
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.
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.