Personal Income Increased in December, Expenditures Decreased
Washington, DC, January 29, 2021—Personal income increased $116.6 billion (0.6%) in December, 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.
Brent Bagwell of Mohawk Has Died
Kings Mountain, NC, January 29, 2021—Brent Bagwell, 51, senior vice president of the builder/multifamily division for Mohawk, died January 27 at his home.
GDP Up 4.0% in Q4, According to Advance Estimate
Washington, DC, January 28, 2021-Real gross domestic product (GDP) increased at an annual rate of 4.0% in the fourth quarter of 2020, according to the advance estimate released by the Bureau of Economic Analysis.
New Single-Family Home Sales Rose 15.2% YOY in December
Washington, DC, January 28, 2021-Sales of new single-family houses in December 2020 were at a seasonally adjusted annual rate of 842,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 1.6% above the revised November rate of 829,000 and is 15.2% above the December 2019 estimate of 731,000.
Max Holland Named President of Home Solutions for FEI Group
Atlanta, GA, January 28, 2021-FEI Group is pleased to announce that Max Holland is joining the FEI Group team as president of the Home Solutions Division.
Tressa Samdal Named a Marketing Director for Happy Floors
Miami, FL, January 28, 2021-Happy Floors is pleased to announce Tressa Samdal as the new director of Easy Luxury marketing and product management.
Nourison Breaks Ground on Warehouse Expansion in Calhoun
Saddle Brook, NJ, January 28, 2021—Nourison has started groundbreaking on its warehouse expansion in Calhoun, Georgia.
CARE Awards Three Micro Grants in California
Dalton, CA, January 28, 2021—CARE's California Carpet Stewardship Program has awarded three additional Micro Grants for Collection and Reuse (Cycle 3M), totaling $39,597.
Jobless Claims Decreased by 67K to 847K in Third Week of Jan.
Washington, DC, January 28, 2021—In the week ending January 23, the advance figure for seasonally adjusted initial claims was 847,000, a decrease of 67,000 from the previous week's revised level, according to the Department of Labor.
Architecture Billings Index Contracted to 42.6 in December
Washington, DC, January 27, 2021-The pace of decline during December accelerated from November, posting an Architecture Billings Index (ABI) score of 42.6 from 46.3 (any score below 50 indicates a decline in firm billings), according to a report from the American Institute of Architects (AIA).