Consumer Sentiment Rose 1.3% in Early May
Ann Arbor, MI, June 15, 2018—Consumer sentiment rose 1.3% to 99.3 in early June from May’s 98.0 rate, according to the University of Michigan Survey of Consumers.
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List of Chinese Goods to Be Tarriffed Does Not Include Flooring
Washington, DC, June 15, 2018—President Donald Trump announced that the U.S. would apply tarriffs of 25% to around $50 billion worth of Chinese imports, reports Business Insider.
30%+ of Multifam Development Cost Due to Regulation, Says NAHB
Washington, DC, June 15, 2018—Regulation imposed by all levels of government accounts for an average of 32.1% of multifamily development costs, according to new research released today by the National Association of Home Builders (NAHB) and the National Multifamily Housing Council (NMHC).
Industrial Production Inched Down in May
Washington, DC, June 15, 2018—Industrial production edged down 0.1% in May after rising 0.9% in April, according to the Federal Reserve.
Mannington Announces Student Winners of Scholarships
Salem, NJ, June 15, 2018—Mannington Mills is a corporate sponsor of the National Merit Scholarship Corporation and underwrites a scholarship for children of its associates.
Interface to Acquire Nora
Atlanta, GA, June 14, 2018—Interface has signed a definitive agreement to acquire Nora Systems in a stock purchase transaction valued at approximately $420 million.
Retail Sales Rose 5.9% YOY in May
Washington, DC, June 14, 2018—Advance estimates of U.S. retail and food services sales for May 2018 were $502.0 billion, an increase of 0.8% from the previous month, and 5.9% above May 2017, according to the U.S. Census Bureau.
Five Manus. Announced Living Product Certifications at NeoCon
Chicago, IL, June 13, 2018—Five different manufacturers are celebrating ten Living Product certifications at NeoCon 2018, bringing the total number of Living Product certifications to 20.
Imports & Export Prices Rose in May
Washington, DC, June 14, 2018—Prices for U.S. imports increased 0.6% for the second consecutive month in May, the U.S. Bureau of Labor Statistics reported.
Construction Costs Rose 8.8% in May
Washington, DC, June 14, 2018—Construction costs accelerated again in May, 8.8% overall, with steep increases for a wide range of building and road materials, including many that are subject to tariffs that could drive prices still higher, according to an analysis by the Associated General Contractors of America of new Labor Department data.