Remodeler Index Hits 82 in Q3, Says NAHB
Washington, DC, October 16, 2020-The National Association of Home Builders (NAHB) released its Remodeling Market Index (RMI) in the third quarter of 2020, posting a reading of 82.
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.
Consumer Sentiment Rose 1.0% to 81.2 in Early October
Ann Arbor, MI, October 16, 2020-Consumer sentiment rose 1.0% to 81.2 in early October, according to preliminary results from the University of Michigan Survey of Consumers.
Retail Sales Rose 1.9% in September
Washington, DC, October 16, 2020—Advance estimates of U.S. retail and food services sales for September 2020 were $549.3 billion, an increase of 1.9% from the previous month and 5.4% above September 2019, according to the U.S. Census Bureau.
Shaw's Floorvana+ Wins Academy of Interactive and Visual Arts Awards
Dalton, GA, October 16, 2020—Shaw recently received Gold and Silver honors in the 15th Annual w3 Awards, announced by the Academy of Interactive and Visual Arts earlier this month.
Industrial Production Slid 0.6% in September
Washington, DC, October 16, 2020—Industrial production fell 0.6% in September, its first decline after four consecutive months of gains, according to the Federal Reserve.
Trade Inventories Rose 0.6% in August
Washington, DC, October 16, 2020—The combined value of distributive trade sales and manufacturers’ shipments for August was estimated at $1,452.4 billion, up 0.6% from July 2020, but was down 0.4% from August 2019, according the U.S. Census Bureau.
Metropolitan Hardwood Launches New Business Unit Selling LVT
Vancouver, BC, October 16, 2020—Metropolitan Hardwood Floors has announced the formation of a new business unit, Open Source Floors.
IICRC Opens Public Review on Two Flooring-Related Standards
Las Vegas, NV, October 16, 2020—The Institute of Inspection, Cleaning and Restoration Certification (IICRC) opened public review for the revised draft BSR/IICRC S100 Standard for Professional Cleaning of Textile Floor Coverings.
Residential Remodeling Forecast Turns Positive
Cambridge, MA, October 15, 2020-Moderate gains in homeowner spending for improvements and repairs are expected through much of next year as initial concerns of a possible pandemic-induced downturn have largely dissipated, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
Initial Jobless Claims Rose by 53,000 in Second Week of October
Washington, DC, October 15, 2020—In the week ending October 10, the advance figure for seasonally adjusted initial claims was 898,000, an increase of 53,000 from the previous week's revised level.