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.
Lancaster, PA, June 18, 2019-Armstrong Flooring announced the expiration and preliminary results of its modified “Dutch auction” self-tender offer to repurchase up to $50,000,000 in cash of its common stock.
Washington, DC, June 18, 2019—Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,269,000, 0.9% below the revised April estimate of 1,281,000 and 4.7% below the May 2018 rate of 1,332,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced.
Jinjiang, China, June 18, 2019—China Ceramics, a Chinese manufacturer of ceramic tiles used for exterior siding and for interior flooring and design in residential and commercial buildings, has announced that effective as of June 17, Jiadong Huang, founder, chairman of the board of directors and chief executive officer of China Ceramics, has resigned.
High Point, NC, June 18, 2019—International Market Centers (IMC) is expanding its buyer services team by focusing new and existing staff with expertise in four primary market categories—gift, home decor, furniture and apparel—and launching a new, in-house outbound call center in Atlanta to directly service more buyers each market cycle.
Washington, DC, June 17, 2019-Builder confidence in the market for newly-built single-family homes fell two points to 64 in June, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
New York, NY, June 17, 2019—In a letter to President Trump on June 13, Chinese tariff opponents-including Walmart, Target and Costco-said current and proposed tariffs would raise costs to a family of four by an average of $2,000 a year, reports the Wall Street Journal in an article titled, “As China Tariffs Loom, Some U.S. Companies Say Buying American Isn’t an Option.”
Bologna, IT, June 17, 2019—The 2019 edition of Cersaie will take place at the Bologna Exhibition Center in Bologna, Italy from September 23 to 27.
Orange, CA, June 12, 2019—MSI launched a new showroom in Tampa, Florida with a full offering of its flooring, countertop, decorative mosaic, wall tile and hardscape products.
Ann Arbor, MI, June 14, 2019—Consumer sentiment fell 2.1% to 97.9 in early June, according to preliminary results from the University of Michigan Survey of Consumers.
Washington, DC, June 14, 2019—Industrial production rose 0.4% in May after falling 0.4 percent in April, according to the Federal Reserve.