Innovations4Flooring Named David Song Licensing Director
Willemstad, Curacao, February 27, 2017—Innovations4Flooring (I4F) has announced the nomination of David Song as licensing director.
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.
New Home Sales Rose 3.7% in January, 5.5% Increase YOY
Washington, DC, February 24, 2017—Sales of new single-family houses in January 2017 were at a seasonally adjusted annual rate of 555,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.
Consumer Sentiment Fell 2.2% in February, Still Up 5.0% YOY
Ann Arbor, MI, February 24, 2017—Consumer sentiment closed February down 2.2% at 96.3 from January’s rate of 98.5, according to the University of Michigan Survey of Consumers.
American Biltrite's Rubber Flooring Earns Red List Free Status
Sherbrooke, QC, February 24, 2017—American Biltrite has announced that its rubber flooring products (ABPure and Marathon) have been awarded Red List Free status, which is part of the Living Building Challenge Declare Program.
Ginger Gilbert Named Director of Product Design for J+J
Dalton, GA, February 24, 2017—J+J Flooring Group has announced that Ginger Gilbert has been promoted to director of product design.
Ex-Employee Claims Floor & Decor Deceived Consumers about Chinese-Made Laminate, Reports CBS Denver
Highlands Ranch, CO, February 24, 2017—Floor & Decor has settled a $14 million class action lawsuit over claims it was acting unethically in the sale of Chinese-made laminate flooring, tampering with labeling relating to country of origin and compliance with formaldehyde limits, reports CBS Denver.
Classen Names Jürgen Resch to Managing Director of Sales Role
Kaisersesch, DE, February 24, 2017—Laminate flooring producer W. Classen GmbH & Co. KG (Classen) is pleased to announce the appointment of Mr. Jürgen Resch, managing director of sales.
Interface Posts Q4 & FY Results, Names Gould as CEO
Atlanta, GA, February 23, 2017—Interface announced net sales for the fourth quarter 2016 were $239.5 million, down 2.9% compared with sales of $246.6 million in the fourth quarter of 2015.
Toll Brothers Income and Revenues Slip Slightly YOY in Q1
Horsham, PA, February 23, 2017—Toll Brothers Q1 2017 net income was $70.4 million and earnings per diluted share were $0.42, compared to net income of $73.2 million and $0.40 per share diluted in FY 2016’s first quarter.
Architecture Billings Index Dipped Negative in January
Washington, DC, February 23, 2017—The Architecture Billings Index (ABI) dipped slightly into negative territory in January with a score of 49.5, after a very strong showing in December, down from a score of 55.6 in the previous month.