Home Depot (HD) Increased Earnings by 31.2% YOY in Q2
Atlanta, GA, August 14, 2018-The Home Depot reported a Q2 net sales increase of 8.4% year over year (YOY) and 6.6% increase for the first half.
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.
Kährs Acquires Distributor Ehrenborg & Co
Malmö, Sweden, October 13, 2016—Kährs Group, a Swedish Europe-leading manufacturer of wood flooring and PVC-free resilient flooring, has acquired flooring distributor Ehrenborg & Co, which is a leader in the Swedish flooring market for public areas.
Import Prices Flat, Export Prices Down in July
Washington, DC, August 14, 2018—Prices for U.S. imports recorded no change in July, the U.S. Bureau of Labor Statistics reported, after edging down 0.1% in June.
Moench Tufting Apparatus Earns Historical Landmark Designation
Dalton, GA, August 14, 2018--The original Moench tufting apparatus, located in a gallery of significant industry artifacts at Shaw’s Dalton, Georgia, headquarters, was designated as a historic mechanical engineering landmark due to the mechanization and speed it brought to the early fabric tufting process.
Mohawk Unveils Comml. Flooring Adhesive with No Moisture Limits
Calhoun, GA, August 14, 2018—Mohawk Group now offers a patented waterproof flooring installation system with the addition of Aquaflex M100Plus. Aquaflex is a simple, cost-effective system of products developed specifically for commercial customers designing, upgrading or repairing installations based on concrete subfloors.
Jeremy Whipple Named VP of Commercial Business Dev. for Novalis
Toronto, ON, August 13, 2018—Novalis Innovative Flooring announced that industry veteran Jeremy Whipple has joined its North American operations as vice president of commercial business development.
Home Prices Rose 6.8% YOY in June, Says CoreLogic
Irvine, CA, August 13, 2018—Home prices increased nationally by 6.8% year over year from June 2017 to June 2018, according to the CoreLogic Home Price Index. On a month-over-month basis, prices increased by 0.7% in June 2018 compared with May 2018.
Construction Costs Flat in July
Arlington, VA, August 13, 2018-Prices for goods and services used in construction costs were unchanged overall from June to July, but months of steep increases over the past year have squeezed the profits of contractors, whose bid prices have not matched the cost shocks, according to an analysis by the Associated General Contractors of America of new Labor Department data.
CTEF Now Provides Alphabetical Listing of Certified Tile Installers
Pendleton, SC, August 13, 2018—The Ceramic Tile Education Foundation (CTEF), which provides education and installer certification for professionals working in the ceramic tile and stone industry, has developed an alphabetical listing of Certified Tile Installers on its website.
Housing Affordability Hits 10-Year Low in Second Quarter 2018
Washington, D.C., August 10, 2018—Rising home prices and interest rates pushed housing affordability to a 10-year low in the second quarter of 2018, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI).