Job Cuts Rose by 18% in June
Chicago, IL, July 5, 2018—Job cuts announced by U.S.-based employers rose 18%, from 31,517 in May to 37,202 in June, according to a report released by Challenger, Gray & Christmas, Inc.
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.
Orders for Manufactured Goods Orders Rose 0.4% in May
Washington, DC, July 3, 2018—New orders for manufactured goods in May, up three of the last four months, increased $1.8 billion or 0.4% to $498.2 billion, the U.S. Census Bureau reported.
Home Prices Rose 7.1% YOY in May
Irvine, CA, July 3, 3028— Home prices increased nationally by 7.1% year over year from May 2017 to May 2018, according to the CoreLogic Home Price Index (HPI).
Belknap White Offering Armstrong Hardwood with Diamond 10
Mansfield, MA, July 3, 2018—The Belknap White Group, a full-service flooring distributor, announced its latest line of hardwood flooring from Armstrong, which features Diamond 10 Technology.
EF Contract Joins Commercial One
Dalton, GA, July 3, 2018—EF Contract has joined the Commercial One alliance.
DriTac Forms Distribution Partnership for UK & Ireland
Clifton, NJ, July 3, 2018—DriTac Flooring Products has announced a new distribution partnership in the United Kingdom with Introducing Interiors Ltd.
Construction Spending Reached Record High in May
Washington, DC, July 3, 2018—Construction spending during May 2018 was estimated at a seasonally adjusted annual rate of $1,309.5 billion, 0.4% above the revised April estimate of $1,304.5 billion, according to the U.S. Census.
BuildDirect Announces New C-Suite Hires, Including Amazon Alum
Vancouver, BC, July 3, 2018—BuildDirect has announced several new appointments to its executive leadership team.
Construction Spending Rose 4.5% YOY in May
Washington, DC, July 2, 2018—Construction spending during May 2018 was estimated at a seasonally adjusted annual rate of $1,309.5 billion, 0.4% above the revised April estimate of $1,304.5 billion, according to the U.S. Census.
Manufacturing Sector Registers Growth for 110th Consecutive Month
Tempe, AZ, July 2, 2018—The June Purchasing Managers’ Index registered 60.2%, an increase of 1.5 percentage points from the May reading of 58.7%, according to the latest Manufacturing ISM Report On Business.