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.

Personal Income Rose 0.4% in January

Washington, DC, March 1, 2018—Personal income increased $64.7 billion (0.4%) in January, according to estimates released by the Bureau of Economic Analysis.

PMI Expanded in February

Tempe, AZ, March 1, 2018—The February Purchasing Manager’s Index (PMI) registered 60.8%, an increase of 1.7 percentage points from the January reading of 59.1%, according to the latest Manufacturing ISM Report On Business.

Phenix Flooring Joins CarpetsPlus

Dalton, GA, March 1, 2018—Phenix Flooring, a Pharr family company, has joined CarpetsPlus as an approved vendor.

Q4 2017 GDP Estimate Revised from 2.6% to 2.5%

Washington, DC, February 28, 2018—Real gross domestic product (GDP) increased at an annual rate of 2.5% in the fourth quarter of 2017, according to the second estimate released by the Bureau of Economic Analysis.

Sales & Earnings Fell for Lowe's in Q4 2016, But Grew for FY

Mooresville, NC, February 28, 2018—Lowe’s Companies reported net earnings of $554 million for Q4 2017, a decrease of 19.7%, compared to net earnings of $663 million in Q4 2016.

Pending Home Sales Hit Three-Year Low in January

Washington, DC, February 28, 2018—The Pending Home Sales Index fell 4.7% to 104.6 in January from a downwardly revised 109.8 in December 2017, according to the National Association of Realtors. After last month’s retreat, the index is now 3.8% below a year ago and at its lowest level since October 2014 (104.1).