Consumer Sentiment Closes July Down 7.2%
Ann Arbor, MI, July 31, 2020–Consumer sentiment fell 7.2% to 72.5 in July, according to final results from the University of Michigan Survey of Consumers.
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.
Builder Confidence in 55+ Markets Up 27 Points
Washington, DC, July 31, 2020–Builder confidence in the single-family 55+ housing markets bounced back in the second quarter, jumping 27 points to 65, according to the National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI) released this week.
David Clarkson Named President of DriTac
Clifton, NJ, July 31, 2020–DriTac Flooring Products has named David Clarkson as its new president.
NeoCon Seeks Presentations for 2021 Conference
Chicago, IL, July 31, 2020–NeoCon is seeking program proposals for the 2021 NeoCon Conference Series, which is planned for June 14-16, 2021 at the MART in Chicago.
Kitchen & Bath Show Moves Ahead with Added Safety Protocols
Hackettstown, NJ, July 31, 2020–The National Kitchen & Bath Association (NKBA) says the 2021 Kitchen & Bath Industry Show (KBIS) will incorporate health and safety measures, as well as new virtual programming.
Tarkett Maintains EBITDA Margins on 12.4% Decline in Revenue in First Half of 2020
Paris, France, July 30, 2020–Tarkett has announced that its revenues for the first half 2020 were down 12.4% over 2019 after a 20.5% drop in Q2 related to virus-induced shutdowns.
GDP Drops 32.9% in Q2, According to Estimate
Washington, DC, July 30, 2020–Real gross domestic product (GDP) decreased at an annual rate of 32.9% in the second quarter of 2020, according to the advance estimate released by the Bureau of Economic Analysis.
NFA Fall Meeting Confirmed for September With Additional Safety Measures
July 30, 2020–Ahead of the National Floorcovering Alliance’s Fall Conference, the organization has released some added safety measures that will be in place amid the COVID-19 outbreak.
Metropolitan Names Jonathan Train as VP of Business Development
Vancouver, BC, July 30, 2020–Metropolitan, a distributor whose leading products are Kentwood and Evoke hardwood flooring, has appointed Jonathan Train to the newly created position of vice president of business development.
Unemployment Claims See Slight Increase
Washington, DC, July 30, 2020–Applications for unemployment increased by a seasonally adjusted 12,000 for 1.43 million for the week ending July 25.