Lowe's Q3 Results Show 25.8% YOY Increase in Earnings
Mooresville, NC, November 18, 2015—Lowe's Companies has reported net earnings of $736 million for the quarter ended October 30, a 25.8% increase over the same period a year ago.
Today's Flooring News
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Fuse Announces Three New Network Service Provider Members
Laguna Niguel, CA, November 18, 2015—Fuse Alliance has announced that three new flooring contractors have joined the organization’s network of service providers: Aligned Floor Covering, Henges Interiors and One Source Commercial Flooring Inc.
Housing Permits Rose but Starts Fell in October
Washington, DC, November 18, 2015—Privately-owned housing units authorized by building permits in October were at a rate of 1,150,000, 4.1% above the revised September rate of 1,105,000, the U.S. Census Bureau announced.
Home Depot Reports Q3 Sales, Up 6.4% YOY
Atlanta, GA, November 17, 2015—The Home Depot has reported sales of $21.8 billion for the third quarter of fiscal 2015, a 6.4% increase from the third quarter of fiscal 2014.
2015 Winners of Nightingale Awards Announced
National Harbor, MD, November 17, 2015—Winners of the 2015 Nightingale Awards have been announced. The Nightingale Awards recognize contribution to the healthcare built environment through product design and innovation that further healing.
LL Ending Sales of Vinyl Flooring Made with Reprocessed Plastic
Toana, VA, November 17, 2015—Lumber Liquidators has announced its plan to stop selling vinyl flooring made with reprocessed plastic. In addition, the company will imit lead in flooring to less than 100 parts per million.
Builder Confidence Falls in November But Remains in Positive Territory
Washington, DC, November 17, 2015—Builder confidence in the housing market fell three points to 62 in November, following October’s surge to 65, which was revised upward from an earlier estimate of 64.
Consumer Prices Up in October, Excluding Food and Energy
Washington, DC, November 17, 2015—The Consumer Price Index for All Urban Consumers increased 0.2% in October, the U.S. Bureau of Labor Statistics has reported. Over the last 12 months, the all items index increased 0.2% before seasonal adjustment.
Industrial Production Drops in October for Second Month
Washington, DC, November 17, 2015—Industrial production declined 0.2% in October after decreasing the same amount in September.
Consumer Sentiment Up 3.4% in November
Ann Arbor, MI, November 16, 2015—Consumer sentiment rose 3.4% to 93.1 in November, according to early results by the University of Michigan’s Survey of Consumers. This represents a 4.8% increase year over year.