Couristan Releases 2019 Trend Report
Fort Lee, NJ, June 24, 2019-Couristan has released its 2019 annual trend report.
Today's Flooring News
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Existing-Home Sales Rose 2.5% in May
Washington, DC, June 21, 2019—Total existing-home sales jumped 2.5% from April to a seasonally adjusted annual rate of 5.34 million in May, according to the National Association of Realtors. Total sales, however, are down 1.1% from a year ago (5.40 million in May 2018).
Investor Home Purchases at All-Time High, Says WSJ
New York, NY, June 21, 2019—The share of investor purchases of U.S. homes have climbed to an all-time high, a sign that rising home prices have done little to dampen demand for flipping homes or turning them into single-family rentals, reports The Wall Street Journal.
Bonitz Restructures Senior Leadership Team
Concord, NC, June 21, 2019-Bonitz has formally announced a strategic reorganization of its senior leadership team.
Universal Fibers Acquires Finished Yarn Facilities in Poland & China
Bristol, VA, June 21, 2019—Universal Fibers advanced its commitment in Europe and Asia with the acquisition of twisting and heat-setting assets for its production facilities in Gorzow, Poland and Taicang, China.
AIA Billings Index Inched Down But Remained Positive in May
Washington, DC, June 20, 2019-The American Institute of Architects’ (AIA) Architecture Billings Index (ABI) score for May was 50.2, slightly below April's 50.5 rate.
Unemployment Claims Fell Last Week
Washington, DC, June 20, 2019—In the week ending June 15, the advance figure for seasonally adjusted initial claims was 216,000, a decrease of 6,000 from the previous week's unrevised level of 222,000.
Mohawk Raises Flag in Honor of Long-Serving Employees
Calhoun, GA, June 20, 2019—Jeff Lorberbaum, chairman and CEO of Mohawk Industries, solidified Mohawk’s dedication to American jobs by recognizing 18 employees who have served at Mohawk for 30 years.
Tarkett Presenting Strategic Plan at Investor Day in Paris
Paris, FR, June 19, 2019—Tarkett is hosting its Investor Day in Paris, France today.
Lumber Prices Rising as Mills Cut Production, Says WSJ
New York, NY, June 19, 2019—Lumber prices continued their sharp climb in June after North America’s largest producer said it would close one mill in British Columbia and eliminate a shift at another, reports the Wall Street Journal.