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.

In January, Construction Spending Strength Was in Private Market

In January, Construction Spending Strength Was in Private Market

Arlington, VA, March 2, 2017—Construction spending slipped from December to January but increased modestly from a year ago, as private construction grew solidly but public infrastructure outlays tumbled, according to an analysis by the Associated General Contractors of America.

Lowe's Net Earnings Increase 60.3% YOY in Q4 & 24% in FY

Lowe's Net Earnings Increase 60.3% YOY in Q4 & 24% in FY

Mooresville, NC, March 1, 2017—Lowe's reported net earnings of $663 million and diluted earnings per share of $0.74 for the quarter ended February 3 compared to net earnings of $11 million and diluted earnings per share of $0.01 in the fourth quarter of 2015.

February Purchasing Managers' Index Rose to 57.7%

February Purchasing Managers' Index Rose to 57.7%

Tempe, AZ, March 1, 2017—The February Purchasing Managers' Index registered 57.7%, an increase of 1.7 percentage points from the January reading of 56%, according to the Manufacturing ISM Report On Business.

Q4 GDP Growth Holds at 1.9% with Second Estimate

Q4 GDP Growth Holds at 1.9% with Second Estimate

Washington, DC, February 28, 2017—Real gross domestic product (GDP) increased at an annual rate of 1.9% in the fourth quarter of 2016, according to the second estimate released by the Bureau of Economic Analysis.

Remodeling Spending Should Grow, Driven by Aging Homeowners

Remodeling Spending Should Grow, Driven by Aging Homeowners

Cambridge, MA, February 28, 2017—Homeowner spending on remodeling is expected to see healthy growth through 2025, according to Demographic Change and the Remodeling Outlook, the latest biennial report in the Improving America’s Housing series released today by the Harvard Joint Center for Housing Studies.