AIA Outlines Strategies for Managing COVID in Multifamily Housing
Washington, DC, August 20, 2020—The American Institute of Architects (AIA) released a report detailing strategies that can help mitigate risk of COVID-19 in multifamily housing.
Today's Flooring News
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Jobless Claims Increased in Second Week of August
Washington, DC, August 20, 2020—In the week ending August 15, the advance figure for seasonally adjusted initial claims was 1,106,000, an increase of 135,000 from the previous week's revised level, according to the Department of Labor.
Lowe's Net Earnings Up 65% YOY in Q2 2020, Sales Up 30%
Mooresville, NC, August 19, 2020-Lowe’s has reported net earnings of $2.8 billion for Q2 2020, a 65% increase compared to net earnings of $1.7 billion in Q2 2019.
NAFCD Names Education Sponsors
Chicago, IL, August 19, 2020-The North American Association of Floor Covering Distributors (NAFCD) recognizes the following supplier members for their support of flooring distributor education in 2020: Foss Floors, Metroflor Corp., Shaw/USFloors Distribution, Sika Corporation, Tarkett, USG and Welspun.
AIA Architecture Billings Index Held Steady at 40.0 in July
Washington, DC, August 19, 2020-The pace of decline during July remained at about the same level as in June, with both months posting an ABI score of 40.0 (any score below 50 indicates a decline in firm billings), according to the American Institute of Architects (AIA).
National Kitchen-Bath Association Releases Q2 2020 Market Index
Washington, DC, August 19, 2020-The National Kitchen-Bath Association has released its Q2 2020 Kitchen & Bath Market Index (KBMI), the industry’s definitive gauge of kitchen and bath industry conditions.
Surfaces 2021 Trade Show Delayed Until June
Las Vegas, NV, August 18, 2020-The International Surfaces Event (TISE) sent a letter to exhibitors announcing that it will delay the 2021 show until June 16 to 18 due to the Coronavirus pandemic.
Home Depot Sales Increase by 23.4%, Earnings by 24.5% YOY in Q2
Atlanta, GA, August 18, 2020-The Home Depot reported sales of $38.1 billion for Q2 2020, a 23.4% increase from Q2 2019’s $30.8 billion.
Housing Starts Rose 22.6% in July
Washington, DC, August 18, 2020-Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,496,000, 22.6% above the revised June estimate of 1,220,000 and is 23.4% above the July 2019 rate of 1,212,000, according to the U.S. Census Bureau.
Mohawk Launching National Roadshow in 2021
Calhoun, GA, August 17, 2020-Mohawk has announced it will be launching a 60-day, cross-country tour in 2021 aimed at showcasing the company's latest products and innovations.