Satya Tiwari of Surya Finalist for EY Entrepreneur Of The Year SE
Cartersville, GA, May 15, 2017—Satya Tiwari, president of Surya, has been selected as a finalist for the EY Entrepreneur Of The Year 2017 Award in the Southeast.
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.
Housing Affordability Ticked Up in Q1
Washington, DC, May 12, 2017—Rising wages and moderating home prices offset a rise in mortgage interest rates to give housing affordability a slight boost in the first quarter of 2017, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index.
Consumer Sentiment Up 0.7% to 97.7 in Early May
Ann Arbor, MI, May 12, 2017—Consumer sentiment rose 0.7% to 97.7 in early May over April’s 97.0 rate, according to preliminary results from the University of Michigan’s Survey of Consumers.
Former Renters Are in the Market to Buy, WSJ
New York, NY, May 12, 2017—“First-time buyers are rushing to buy homes after a decade on the sidelines, promising to kick a housing market already flush with luxury sales into higher gear,” according to an article in the Wall Street Journal called Generation of Renters Now Buying.
Retail Sales Up 4.5% in April YOY, 0.4% over March
Washington, DC, May 12, 2017—Advance estimates of U.S. retail and food services sales for April 2017 were $474.9 billion, an increase of 0.4% from the previous month, and 4.5% above April 2016, according to the U.S. Census Bureau.
Tarkett Celebrating 50th Year Anniversary of Powerbond
Solon, OH, May 12, 2017—Tarkett this year is celebrating the golden anniversary of Tandus Centiva’s Powerbond, the hybrid resilient sheet flooring with a closed-cell cushion.
Consumer Prices Ticked Up 0.2% in April
Washington, DC, May 12, 2017—The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in April on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics has reported.
Distributive Trade Sales & Manufacturers' Shipments Flat in March
Washington, DC, May 12, 2017—The combined value of distributive trade sales and manufacturers’ shipments for March was estimated at $1,361.0 billion, virtually unchanged from February 2017, but was up 6.5% from March 2016, according to the U.S. Census Bureau.
Intl. Furnishings & Design Assoc. Offering Design Summit in NYC
New York, NY, May 12, 2017—The International Furnishings and Design Association Educational Foundation is presenting its first DesignEdge, a dynamic, day-long summit featuring eminent industry leaders to discuss the future of design while offering inspiration and insight into succeeding during transformative times.
Invista Making $65M Investment in Nylon 6,6 Fiber Production
Wichita, KS, May 11, 2017—Invista is investing over $65 million in state-of-the-art fiber production equipment at its U.S.-based Camden, South Carolina facility.