NAFCD Announces Strategic Goals for 2020
Chicago, IL, February 4, 2020—The North American Association of Floor Covering Distributors (NAFCD) has announced its 2020 strategic goals.
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Hotel CEOs Discuss Impact of Airbnb on Traditional Hotel Business
Los Angeles, CA, February 4, 2020-Hotel Interactive reports that several veteran CEOs came together at the Americas Lodging Investment Summit conference during a panel to discuss the impact of disruptor companies like AirBNB and HomeAway.
Dec. Construction Spending Down 0.2% from Nov. but Up 5% YOY
Washington, DC, February 3, 2020—Construction spending during December 2019 was estimated at a seasonally adjusted annual rate of $1,327.7 billion, 0.2% below the revised November estimate of $1,329.9 billion, according to the U.S. Census Bureau.
Beasley Buys Arkansas-Based Production Facility from Unilin NA
Hazlehurst, GA, February 3, 2020—Beasley Flooring Products recently completed the purchase of the Unilin North America flooring manufacturing facility located in Melbourne, Arkansas.
Mannington Completes Acquisition of Phenix & Pharr
Salem, NJ, February 3, 2020-Mannington Mills announced today that it has completed the acquisition of Phenix Flooring and Pharr Fibers and Yarns, located in McAdenville, North Carolina and Dalton, Georgia.
Purchasing Managers' Index Rose to 50.9% in January
Tempe, AZ, February 3, 2020—The January Purchasing Managers’ Index registered 50.9%, an increase of 3.1 percentage points from the seasonally adjusted December reading of 47.8%, according to the latest Manufacturing ISM Report On Business.
Consumer Sentiment Increased 9.4% YOY in January
Ann Arbor, MI, January 31, 2020—Consumer sentiment rose 0.5% to 99.8 in January, reports the University of Michigan Survey of Consumers.
GDP Rose 2.3% in 2019
New York, NY, January 31, 2020—GDP grew 2.3% in 2019, reports the Wall Street Journal.
Builder Confidence in 55+ Housing Slipped but Still Positive in Q4
Washington, DC, January 31, 2020—Builder confidence in the single-family 55+ housing market dropped four points to 68 in Q4, according to the NAHB 55+ Housing Market Index (HMI).
Analyst Stump Shares Observations from Winter Furnishings Market
Las Vegas, NV, January 31, 2020—Furnishing industry analyst Stump reports on the 2020 winter furnishings market at the World Market Center, which runs concurrent with TISE.