BASF Q1 Group Sales Down Nearly 30%, Chemical Segment Down 19%
Ludwigshafen, DE, April 29, 2016—In the first quarter of 2016, BASF Group sales decreased by 29% to €14.2 billion compared with the same quarter of the previous year.
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.
NAHB Predicts Continued Gradual Growth for Housing Market in 2016
Washington, DC, April 29, 2016—Steady job growth, affordable home prices, attractive mortgage interest rates and pent-up demand will help the housing market continue on a gradual upward trajectory in 2016, according to the NAHB.
NWFA Elects 2016 Board of Directors
Charlotte, NC, April 29, 2016—The National Wood Flooring Association elected its 2016 board of directors during its Wood Flooring Expo, taking place April 27 to 30 in Charlotte, North Carolina.
Gerflor to Supply Volleyball & Handball Courts for Summer 2016 Olympics
Chicago, IL, April 29, 2016—Gerflor will supply Taraflex courts for volleyball and handball tournaments during the next Olympic Games in Rio, August 5 to 21.
GDP Rose 0.5% in Q1, According to BEA Advance Estimate
Washington, DC, April 28, 2016—Real gross domestic product increased at an annual rate of 0.5% in the first quarter of 2016, according to the advance estimate released by the Bureau of Economic Analysis.
Armstrong Initiates Price Increase on Wood Products
Lancaster, PA, April 28, 2016—Armstrong Flooring announced that it will initiate a 5% to 7% price increase for engineered flooring and a 3% to 5% price increase for solid flooring in the United States and Canada effective with shipments on June 13.
Crossville's Curran Honored with NTCA Lifetime Achievement Award
Crossville, TN, April 28, 2016—Tim Curran, co-president of Curran Group, the holding company that owns Crossville Inc., has been awarded the prestigious Joe A. Tarver Lifetime Achievement Award from the National Tile Contractors Association.
Construction Employment Expanded in 244 of 358 of Metro Areas in March
Arlington, VA, April 28, 2016—Construction employment increased in 244 out of 358 metro areas, was unchanged in 44 and declined in 70 between March 2015 and March 2016, according to the Associated General Contractors of America.
March Pending Home Sales Rose 1.4% to Highest Level in Nearly a Year
Washington, DC, April 27, 2016—Pending home sales rose 1.4% to 110.5 in March, reaching their highest level in almost a year, according to the National Association of Realtors.
California Carpet Assessment Increase Goes into Effect
Dalton, GA, April 27, 2016-- The California carpet stewardship assessment increased to $.20 per square yard as of April 1.