Interior Logic Group Acquires Flooring Systems
Irvine, CA, August 5, 2019-Interior Logic Group (ILG) has acquired Flooring Systems, a Houston, Texas-based design studio services and flooring installation business.
Today's Flooring News
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D.R. Horton Homebuilding Revenue Up 10% in Q3
Arlington, TX, August 5, 2019--D.R. Horton reported net income for Q3 rose 5% to $474.8 million year over year (YOY).
Non-Manufacturing Index Down but Still Positive in June
Tempe, AZ, August 5, 2019—The Non-Manufacturing Index registered 53.7%, which is 1.4 percentage points lower than the June reading of 55.1%, according to the latest Non-Manufacturing ISM Report on Business. This represents continued growth in the non-manufacturing sector, at a slower rate.
Antidumping Rates Raised on Chinese Engineered Wood Flooring
Sterling, VA, August 2, 2019-The antidumping rates (AD) for Chinese engineered wood flooring imports have increased significantly for nearly all Chinese producers, who were previously paying zero antidumping duties, according to the Decorative Hardwoods Association.
Consumer Sentiment Rose 0.2% in July
Ann Arbor, MI, August 2, 2019—Consumer sentiment rose 0.2% to 98.4 in July from June’s 98.2 rate, according to final results from the University of Michigan.
Orders for Manufactured Good Rose 0.6% in June
Washington, DC, August 2, 2019— New orders for manufactured goods in June, up following two consecutive monthly decreases, increased $3.1 billion or 0.6% to $493.8 billion, the U.S. Census Bureau reported.
David Sheehan Returns to Mannington as VP of Strategic Dev.
Salem, NJ, August 2, 2019––Mannington Mills has announced that David Sheehan has rejoined the company as vice president of strategic development.
Builder Confidence in 55+ Market Down One Point in Q2 to 71
Washington, DC, August 2, 2019-Builder confidence in the single-family 55+ housing market remained solid in Q2 with a reading of 71, edging down one point from the previous quarter due to softness in traffic of prospective buyers, according to the National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI).
Trade Deficit Shrunk Slightly in June
Washington, DC, August 2, 2019—June exports were $206.3 billion, $4.4 billion less than May exports, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.
Unemployment Held Steady at 3.7% in July
Washington, DC, August 2, 2019-Total nonfarm payroll employment rose by 164,000 in July, and the unemployment rate was unchanged at 3.7%, the U.S. Bureau of Labor Statistics reported.