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.
Washington, DC, June 16, 2020—In a sign that housing stands poised to lead a post-pandemic economic recovery, builder confidence in the market for newly-built single-family homes jumped 21 points to 58 in June, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Washington, DC, June 16, 2020-Advance estimates of U.S. retail and food services sales for May 2020 were $485.5 billion, an increase of 17.7% but 6.1% below May 2019, according to the U.S. Census Bureau.
New York, NY, June 16, 2020-Renewed shopping drove a record 17.7% increase in retail sales in May, though total spending remained below levels before coronavirus, reports the Wall Street Journal.
Washington, DC, June 16, 2020—Total industrial production increased 1.4% in May, as many factories resumed at least partial operations following suspensions related to COVID-19, according to the Federal Reserve.
Miami, FL, June 16, 2020—Lennar Corporation reported a net earnings increase of 22.8% for Q2 2020.
Huntsville, AL, June 16, 2020-ProSource Wholesale announces the opening of ProSource of Huntsville, Alabama.
Stafford, TX, June 16, 2020-Seagull Select, a provider of multi-family flooring, has announced that the company will begin operating under the name of its parent company, Redi Carpet.
Hendersonville, TN, June 16, 2020—STR data for May 31 to June 6 showed another small rise from previous weeks in U.S. hotel performance. Year-over-year declines remained significant although not as severe as the levels recorded previously.
Washington, DC, June 16, 2020—The combined value of distributive trade sales and manufacturers’ shipments for April was estimated at $1,184.8 billion, down 14.4% from March 2020 and was down 18.4% from April 2019, according to the U.S. Census Bureau.
Washington, DC, June 15, 2020-The pandemic may shift design trends and buyer preferences for residential spaces, reports Builder Online.