Q3 GDP Holds Steady at 3.5% in Second Estimate
Washington, DC, November 28, 2018-Real gross domestic product (GDP) increased at an annual rate of 3.5% in Q3 2018, according to the second estimate released by the Bureau of Economic Analysis.
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.
New Home Sales Fell 8.9% in October
Washington, DC, November 28, 2018-Sales of new single-family houses in October 2018 were at a seasonally adjusted annual rate of 544,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 8.9% below the revised September rate of 597,000 and is 12.0% below the October 2017 estimate of 618,000.
Chinese Exporters of Flooring Lose Challenge Against Tariffs
Washington, DC, November 28, 2018-A group of Chinese producers and exporters of multilayered wood flooring lost their legal challenge November 26 to U.S. antidumping duties on their products, reports Bloomberg Law.
Mohawk CFO Frank Boykin to Retire in 2019
Calhoun, GA, November 28, 2018—Frank H. Boykin, chief financial officer of Mohawk Industries, is planning to retire in 2019.
Greenbuild Accepting Proposals for 2019 Show
Atlanta, GA, November 28, 2018--Greenbuild 2019 is currently accepting proposals from industry experts eager to share their knowledge and expertise.
Magnificent Carpets Awards Now Accepting Entries for 2019
Atlanta, GA, November 28, 2018-Rug manufacturers are invited to submit their top rug designs to be considered for the 2019 America’s Magnificent Carpets Awards, held during The Atlanta International Area Rug Market.
Young Professional Award Accepting Nominations
Chattanooga, TN, November 26, 2018-The Young Professional award is now accepting nominations for 2019.
Shaw Recognized by Ethical Corporation for Inclusivity
Dalton, GA, November 27, 2018—As a finalist, Shaw was recognized by Ethical Corporation at its ninth-annual Responsible Business Awards for promoting a corporate culture of diversity and inclusion.
Home Prices Rose 5.5% YOY in September, Says Case-Shiller
New York, NY, November 27, 2018-Home prices posted a 5.5% annual gain in September, down from 5.7% in the previous month, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.
Shannon Announces New Partnership with Premier, Inc.
Milwaukee, WI, November 27, 2018—Shannon Specialty Floors has been re-awarded a national group purchasing contract in the architectural: flooring products and services category with Premier, Inc.