June Consumer Sentiment Down from May but Flat YOY
Ann Arbor, MI, June 28, 2019-Consumer sentiment fell 1.8% to 98.2 in June, according to final results from the University of Michigan Survey of Consumers. This is the same rate as June 2018.
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.
Personal Income and Spending Inched Up in May
Washington, DC, June 28, 2019—Personal income increased $88.6 billion (0.5%) in May, according to estimates released by the Bureau of Economic Analysis.
Nemo Tile + Stone Opens Philadelphia Showroom
New York, NY, June 28, 2019—Nemo Tile + Stone has opened a new showroom in Philadelphia, Pennsylvania, reports Dexigner.
Pending Home Sales Rose 1.1% in May
Washington, DC, June 27, 2019—The Pending Home Sales Index climbed 1.1% to 105.4 in May, up from 104.3 in April, according to the National Association of Realtors.
Q1 GDP Holds at 3.1% in Third Estimate
Washington, DC, June 27, 2019-Real gross domestic product (GDP) increased at an annual rate of 3.1% in the first quarter of 2019, according to the third estimate released by the Bureau of Economic Analysis.
Demand for Large Homes Continues to Decrease, Says AIA
Washington, DC, June 27, 2019—The overall size of new homes peaked in 2016 for this cycle and for the last three years has continued to moderate, according to new survey results from the American Institute of Architects (AIA).
Benjamin Bachman Named CEO of Gerflor USA
Chicago, IL, June 27, 2019-Gerflor USA has announced Benjamin Bachman, chief marketing and sales officer, has been promoted to CEO of Gerflor USA, Connor Sports and Sport Court.
Steve Rausch of the CTEF & CTFI Has Died
Norcross, GA, June 27, 2019—Steve Rausch, professional business and technical consultant for the Ceramic Tile and Flooring Industry and member of the Ceramic Tile Education Foundation (CTEF) board of directors, died June 8.
This Old House Releases Top 20 Best New Home Products List
Stamford, CT, June 26, 2019-This Old House has released its Top 20 Best New Home Products list and two flooring products are among them. The list highlights the “finest in new materials and mechanical systems for construction and remodeling projects.”
TCNA Partners with StonExpo for OB Expo in Mexico City
Dallas, TX, June 25, 2019-Obra Blanca Expo (OB Expo), a new tradeshow of the Tile Council of North America (TCNA), has joined with Informa to bring StonExpo to México.