Personal Spending Drops in January
Washington, DC, March 3, 2015—U.S. personal spending declined for the second consecutive month in January, reports Nasdaq.
Today's Flooring News
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Shaw Employees Recognized with Women in Manufacturing Award
Dalton, GA, March 3, 2015—Shaw employees Kellie Ballew; Reesie Duncan; and Deanna Mathis are being recognized with the Women in Manufacturing STEP (Science, Technology, Engineering and Production) Award.
Lumber Liquidators Laminate Reported Noncompliant on 60 Minutes
New York, NY, March 2, 2015-- CBS’s 60 Minutes aired a program in which it reported that independent testing of Chinese-made Lumber Liquidators laminate flooring revealed 30 of 31 samples to be noncompliant with formaldehyde emissions standards.
Lumber Liquidators Stock Price Tumbles to Below 40
Englewood Cliffs, NJ, March 2, 2015—Trading of Lumber Liquidators stock was halted briefly Monday morning and then continued to tumble throughout the day.
Shaw Earnings Impacted By Raw Material Costs
Omaha, NE, March 2, 2015—Berkshire Hathaway, owner of Shaw Industries, released its financial report on February 28, which reveals that, though its building product businesses were up as a whole in 2014, Shaw experienced a decline in earnings.
Pace of U.S. Manufacturing Growth Fell in February
New York, NY, March 2, 2015—The pace of U.S. manufacturing growth fell in February to its slowest rate in 13 months, according to the Institute for Supply Management, reports Reuters.
January Layoffs at Two-Year High
Chicago, IL, March 2, 2015—Job cut announcements rose to their highest level in nearly two years in January, as falling oil prices prompted cost-cutting efforts in energy and related industries, reports Challenger, Gray, & Christmas, Inc.
Multifamily Indexes Report Positive Conditions
Washington, DC, March 2, 2015—The Multifamily Production Index (MPI) released by the National Association of Home Builders (NAHB) held steady at a reading of 54 for the fourth quarter of 2014, according to Multifamilybiz.com.
Consumer Confidence Declines in February
New York, NY, March 2, 2015—Consumer confidence fell in February after increasing in January, according to the Conference Board’s Consumer Confidence Index.
Pending Home Sales Rise in January
Washington, DC, Feb. 27, 2015 -- Pending home sales increased 1.7% in January, according to the National Association of Realtors.