Building Permits Down in Canada
Ottawa, Ontario, Canada, Aug. 8, 2016 -- The value of Canadian building permits fell in June as requests for permits for apartment and condominium buildings declined in Ontario and British Columbia.
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.
Some Areas More Affordable for Potential Home Owners
Washington, DC, Aug. 8, 2016 -- The U.S. homeownership rate has slowly fallen in recent years to currently its lowest level since 1965, but new research from the National Association of Realtors reveals that there are affordable metro areas right now.
Mohawk Reports Record Q2 Earnings of $255 Million, 35% YOY Increase
Calhoun, GA, August 5, 2016—Mohawk has announced 2016 Q2 net sales of $2.3 billion, compared to $2.0 billion in 2015 Q2.
Crossville Names Winners of Common Thread Scarf Design Contest
Crossville, TN, August 5, 2016—Crossville has announced the winners of the 2016 The Common Thread for the Cure scarf design contest: Judge’s Choice—Love’s Alchemy by Kerry Steele and People’s Choice—Yin & Yang by Beatriz Lopez.
Unemployment Held Steady at 4.9% in July
Washington, DC, August 5, 2016—Total nonfarm payroll employment rose by 255,000 in July, and the unemployment rate was unchanged at 4.9%, the U.S. Bureau of Labor Statistics reported.
Fitz Flooring of Calgary Closes Doors
Calgary, Alberta, August 5, 2016—Calgary, Alberta-based Fitz Flooring closed its doors on August 1, according to CTV News Calgary.
Housing Markets Continue Gradual Climb Back to Normal, NAHB
Washington, DC, August 5, 2016—Markets in 146 of the approximately 340 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the second quarter of 2016, according to the NAHB Leading Markets Index.
Mullican Announces $15 Million Expansion of Johnson City Operations
Nashville, TN, August 4, 2016—Mullican Flooring officials announced yesterday that the flooring manufacturer will invest $15 million to expand its Johnson City, Tennessee operations and create 200 new jobs during the next five years.
Flooring Installation Summit Addresses Quality, Availability of Skilled Labor
Dallas, TX, August 3, 2016—Approximately 80 industry professionals gathered in Dallas, Texas this week at the Omni Dallas Hotel to address concerns over the quality and availability of trained floorcovering installers.
Factory Orders Fell 1.5% in June
Washington, DC, August 4, 2016—New orders for manufactured goods in June, down two consecutive months, decreased $6.9 billion or 1.5% to $447.4 billion, the U.S. Census Bureau reported.