L&L Flooring of Nashville Moves into New, Larger Showroom
Nashville, TN, September 18, 2020—L&L Flooring of Nashville, Tennessee has moved into a new showroom, reports WKRN.
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.
Mohawk/Unilin Wins ITC Order Blocking Imports of Competing Vinyl Flooring
New York, NY, September 17, 2020-Mohawk and its Unilin unit won an order that will block imports of any luxury vinyl flooring that use Mohawk inventions without permission, according to a notice by the U.S. International Trade Commission, and reported by Bloomberg News.
August Housing Starts Rose 2.8% YOY, Slid 5.1% from July
Washington, DC, September 17, 2020-Privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,416,000, 5.1% below the revised July estimate of 1,492,000 but 2.8% above the August 2019 rate of 1,377,000, according to the U.S. Census Bureau.
Lennar Reports Flat Revenues, Increased Earnings for Q3 2020
Miami, FL, September 17, 2020—Homebuilder Lennar reported revenues of $5.9 billion for Q3 2020, consistent with prior year.
Mannington Commercial Forms Partnership with Material Bank
Calhoun, GA, September 17, 2020—Mannington Commercial is announcing a new partnership with Material Bank.
Rick Cain Named President of Fabulous Floors
Carrollton, TX, September 17, 2020—Rick Cain has been appointed to the role of president of Fabulous Floors.
Initial Jobless Claims Decreased by 33,000 in Second Week of Sept.
Washington, DC, September 17, 2020-In the week ending September 12, the advance figure for seasonally adjusted initial claims was 860,000, a decrease of 33,000 from the previous week's revised level, according to the Department of Labor.
Construction Starts Rose 19% in August, Says Dodge Data
Hamilton Township, NJ, September 16, 2020—Total construction starts rose 19% in August to a seasonally adjusted annual rate of $793.3 billion, according to Dodge Data & Analytics.
Builder Confidence Rose Five Points to 83 in September
Washington, DC, September 16, 2020—In a strong signal that housing is leading the economic recovery, builder confidence in the market for newly-built single-family homes increased five points to hit an all-time high of 83 in September, according to the latest NAHB/Wells Fargo Housing Market Index (HMI).
Retail Sales Rose 0.6% in August
Washington, DC, September 16, 2020—Advance estimates of U.S. retail and food services sales for August 2020 were $537.5 billion, an increase of 0.6% from the previous month and 2.6% above August 2019, according to the Department of Commerce.