July Industrial Production Edged Up
Washington, DC, August 15, 2018-Industrial production edged up 0.1% in July after rising at an average pace of 0.5% over the previous five months, according to the Federal Reserve.
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.
Retail Sales Rose 6.4% YOY in August
Washington, DC, August 15, 2018-Advance estimates of U.S. retail and food services sales for July 2018 were $507.5 billion, an increase of 0.5% from the previous month, and 6.4% above July 2017, according to the U.S. Census Bureau.
Builder Confidence Ticked Down One Point in August
Washington, DC, August 15, 2018—Builder confidence in the market for newly-built single-family homes edged down one point to a solid 67 reading in August on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
May Posted YOY Decline in Mortgage Delinquency
Irvine, CA, August 15, 2018-Nationally, 4.2% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in May 2018, representing a 0.3 percentage point decline in the overall delinquency rate compared with May 2017, when it was 4.5%, according to CoreLogic’s Loan Performance Insights Report.
G. Kraft Maschinenbau Machinery Establishes U.S. Subsidiary
Conyers, GA, August 15, 2018-The German machine manufacturer G. Kraft Maschinenbau GmbH is proud to announce the foundation of the subsidiary Kraft Machines, Inc. in the United States. Kraft Machines started its North American operations in summer 2018 out of Conyers, Georgia.
Daltile Statements Names Carpets N More Dealer of the Year
Dallas, TX, August 15, 2018-The Daltile Statements Program has recently named Steve Chesin of Carpets N More as its Statements Dealer of the Year.
DuChâteau Names Tawnya Arteaga Director of Talent & Culture
San Diego, CA, August 15, 2018-DuChâteau has named Tawnya Arteaga as its first director of talent and culture.
Belknap White Distributing Crossville's Convergence
Mansfield, MA, August 15, 2018—The Belknap White Group will now be distributing Crossville Convergence glass tile collection throughout all of Massachusetts, Rhode Island, Maine, New Hampshire, Vermont and parts of upstate New York.
Small Business Optimism Hit 2nd Highest Level on Record in July
Washington, DC, August 14, 2018—The Small Business Optimism Index marked its second highest level in the survey’s 45-year history at 107.9, rising to within 0.1 point of the July 1983 record-high of 108.
NAFCD + NBMDA Announce Details of 2018 Conference
Chicago, IL, August 14, 2018—The North American Association of Floor Covering Distributors (NAFCD) and the North American Building Material Distribution Association (NBMDA) have extended their partnership in 2018.