Lennar Q4 and Full Year Earnings Both Exceed 2015
Miami, FL, December 19, 2016—Lennar Corporation reported Q4 2016 net earnings were $313.5 million, or $1.34 per diluted share, compared to $281.6 million, or $1.21 per diluted share, in Q4 2015.
Today's Flooring News
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Mohawk Expanding Thomasville, NC Unilin Laminate Facility
Thomasville, NC, December 19, 2016—Mohawk is expanding Unilin’s Thomasville, North Carolina laminate facility with a 100,000 square foot warehouse as part of a $36 million investment, according to the Triad Business Journal.
Construction Employment Added Jobs in 34 States in November YOY
Arlington, VA, December 19, 2016—Thirty-four states added construction jobs between November 2015 and November 2016 while construction employment increased in 29 states and the District of Columbia during the past month, according to an analysis of Labor
Redi Carpet Acquires Wilmington, NC Got You Floored Location
Stafford, TX, December 16, 2016—Redi Carpet has acquired Got You Floored’s Wilmington, North Carolina location.
Housing Starts Fell 18.7% in October
Washington, DC, December 16, 2016—Privately owned housing starts in November were at a seasonally adjusted annual rate of 1,090,000, according to the Commerce Department.
Winners of Tile of Spain Awards Announced
Miami, FL, December 16, 2016—Tile of Spain announces the winners of the fifteenth annual Tile of Spain Awards of architecture and interior design.
Federal Reserve Hikes Interest Rate and The Dollar Surges
Washington, DC, December 15, 2016—The Federal Reserve increased its key interest rate by 0.25% on December 14, signifying its confidence in the strength of the U.S. economy.
Builder Confidence Jumped Seven Points Post-Election
Washington, DC, December 15, 2016—Builder confidence in the market for newly-built single-family homes jumped seven points to a level of 70 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Domotex asia/Chinafloor to Host Distributor Delegation for 2nd Year
Shanghai, CH, December 15, 2016—For the second year in a row, Domotex asia/Chinafloor will host a delegation of leading North American distributors to meet with suppliers from China and Asia.
Consumer Prices Inched Upward in November
Washington, DC, December 15, 2016—The Consumer Price Index for All Urban Consumers increased 0.2% in November on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics has reported.