Housing Starts Rose 0.9% in July
Washington, DC, August 16, 2018-Privately owned housing starts in July were at a seasonally adjusted annual rate of 1,168,000, according to the U.S. Census Bureau.
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.
I4F Reports on Välinge's Patent Case Against Halstead & HD
Willemstad, Curaçao, August 16, 2018-I4F shared details relating to developments supporting Halstead New England Corp. and Home Depot USA, Inc. in the court case brought against them by Välinge.
Daltile Introduces Underlayment that Simplifies Tile Removal
Dallas, TX, August 16, 2018—In its over 250 company-owned sales service centers nationwide, Daltile is now selling Nue Tile DemoFlex underlayment to make removal of installed Daltile ceramic and porcelain tile fast, clean, and easy.
Install & United Brotherhood of Carpenters Partner for Conference
Glassboro, NJ, August 16, 2018—Install spearheaded a leadership conference in conjunction with the United Brotherhood of Carpenters Interior/Exterior Systems division, from June 25 to 27.
Distributive Trade Sales & Manu. Shipments Up 8.2% YOY in June
Washington, DC, August 15, 2018-The combined value of distributive trade sales and manufacturers’ shipments for June was estimated at $1,452.2 billion, up 0.3% from May 2018 and was up 8.2% from June 2017, according to the U.S. Census Bureau.
Labor Productivity Rose 2.9% in Q2
Washington, DC, August 15, 2018—Nonfarm business sector labor productivity increased 2.9% during the second quarter of 2018, the U.S. Bureau of Labor Statistics reported, as output increased 4.8% and hours worked increased 1.9%.
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.
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.