Consumer Sentiment Rose 2.5% in Early December
Ann Arbor, MI, December 6, 2019-Consumer sentiment rose 2.5% to 99.2 in early December, according to the University of Michigan’s Survey of Consumers.
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.
Pantone Announces 2020 Color of the Year: Classic Blue
New York, NY, December 6, 2019-Pantone has announced its 2020 color of the year: Classic Blue.
Jeanne Matson's Starnet Career Celebrated at NYC Event
New York, NY, December 6, 2019--Consolidated Carpet hosted a career celebration for Jeanne Matson at its New York City headquarters last night with approximately 150 friends in attendance.
Payrolls Rose & Unemployment Rate Held Steady at 3.5% in Nov.
Washington, DC, December 6, 2019--Total nonfarm payroll employment rose by 266,000 in November, and the unemployment rate was little changed at 3.5%, the U.S. Bureau of Labor Statistics reported.
Tarkett Offers Update on ERP Implementation, Impact on Q4 Revenues
Paris, FR, December 6, 2019—Tarkett announced upon release of its Q3 results that the implementation in October of the group’s ERP system (SAP) in commercial carpet in North America would negatively affect revenues in the region in Q4 2019.
Wholesale Inventories Fell 0.7% in October
Washington, DC, December 6, 2019—October 2019 sales of merchant wholesalers were $494.3 billion, down 0.7% from the revised September level and were down 1.4% from the October 2018 level, according to the U.S. Census Bureau.
Orders for Manufactured Goods Rose 0.3% in October
Washington, DC, December 5, 2019-New orders for manufactured goods in October, up following two consecutive monthly decreases, increased $1.4 billion or 0.3% to $497.0 billion, the U.S. Census Bureau reported.
AHF Holds Ribbon-Cutting for West Virginia Plant Expansion
Mountville, PA, December 5, 2019-In late November, AHF Products held a ribbon-cutting ceremony at its Beverly, West Virginia hardwood plant to honor the new 85,000-square foot expansion of the manufacturing facility.
Mannington Honors New 25 Year Club Members
Salem, NJ, December 5, 2019—Mannington recently inducted its newest 25 Year Club members during its annual 25 Year Club celebration.
Pace of Construction in Millennial Counties Lags
Washington, DC, December 4, 2019—The majority of single-family and multifamily housing production in the nation is occurring in counties with the greatest concentration of Millennials, which account for 62% of the entire U.S. population. However, in a warning sign that the housing affordability crisis persists and more construction is needed, the pace of housing production in areas with the greatest concentration of Millennials lags the rest of the nation, according to the latest quarterly National Association of Home Builders Home Building Geography Index.