Mortgage Rates Rose Pre-Election
Washington, DC, November 10, 2016—This week's survey reflects pre-election market conditions. The 30-year mortgage rate increased to 3.57%, only three basis points higher than last week's level.
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.
Jobless Claims Declined Last Week
Washington, DC, November 10, 2016—In the week ending November 5, the advance figure for seasonally adjusted initial claims was 254,000, a decrease of 11,000 from the previous week's unrevised level of 265,000.
Xpress Global Systems Names Darrel Harris as CEO
Chattanooga, TN, November 9, 2016—Xpress Global Systems (XGS) has announced the appointment of Darrel Harris as chief executive officer, effective November 7.
Franceschelli, CEO of Florida Tile, Named President of TCNA
Lexington, KY, November 9, 2016—Michael Franceschelli, CEO of Florida Tile, has been elected to a two-year term as president of TCNA (Tile Council of North America).
Merchant Wholesaler Sales Rose 0.2% in September
Washington, DC, November 9, 2016—September 2016 sales of merchant wholesalers were $444.9 billion, up 0.2% from the revised August level and were up 0.4% from the September 2015 level, the U.S. Census Bureau has announced.
Builder Confidence in 55+ Housing Market Rose to 59 in Q3
Washington, DC, November 9, 2016—Builders report that the single-family 55+ housing market is holding strong in the third quarter, according to the National Association of Home Builders' 55+ Housing Market Index.
Masland Contract Rolls Out Commercial LVT Collection, Calibré
Dalton, GA, November 9, 2016—Masland Contract has unveiled its new Calibré LVT, a high performance flooring for commercial and hospitality interiors.
Spartan Surfaces Announces Distribution Agreement with Tarkett
Bel Air, MD, November 8, 2016—Starting January 1, 2017, Spartan Surfaces will be a distributor of the Tarkett commercial focused brands including the Tarkett Collection, Johnsonite, and the Azrock Collection in its mid-Atlantic footprint.
INSTALL Accepting Applications for CIM Program Scholarship
Glassboro, NJ, November 8, 2016—INSTALL, in support of FCICA, the Flooring Contractors Association, has launched the 2016 INSTALL Certified Installation Manager (CIM) Program Scholarship and is now accepting applications.
Dennis Knowles Named CEO of LL as Presley Resigns
Toano, VA, November 8, 2016—John M. Presley is resigning as chief executive officer of Lumber Liquidators, effective November 9, and the board of directors has appointed Dennis R. Knowles, the company's chief operating officer, to succeed Presley as CEO.