Consumer Sentiment Declined 6.8% in May
Ann Arbor, MI, May 26, 2023—Consumer sentiment slid 6.8% to 59.2 in May, according to final results from the University of Michigan Survey of Consumers.
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.
Personal Income Rose 0.4% in April, Spending Up 0.8%
Washington, DC, May 26, 2023—Personal income increased $80.1 billion (0.4% at a monthly rate) in April, according to estimates released by the Bureau of Economic Analysis.
Durable Goods Orders Rose 1.1% in April
Washington, DC, May 26, 2023—New orders for manufactured durable goods in April, up two consecutive months, increased $3.1 billion or 1.1% to $283.0 billion, the U.S. Census Bureau announced.
Founder of LL Flooring, Tom Sullivan, Has Acquired 9.4% of LL's Stock
Richmond, VA, May 25, 2023-Tom Sullivan, founder and former CEO of LL Flooring, acquired 9.4% of LL stock for the purpose of beginning discussions with LL management about board about merging the stores with Cabinets To Go, another business founded by Sullivan.
Herregan Distributors Transitions to ESOP Ownership Structure
St. Paul, MN, May 25, 2023-Herregan Distributors has announced its transition to an Employee Stock Ownership Plan (ESOP) company.
Pending Homes Sales Steady at 78.9 in April
Washington, DC, May 25, 2023-The Pending Home Sales Index (PHSI) remained at 78.9 in April, posting no change from the previous month, according to the National Association of Realtors.
Cosentino Announces $270M Manufacturing Facility in Florida
Coral Gables, FL, May 25, 2023- Spain-based Cosentino Group, a family-owned producer and distributor of flooring, countertop and other surfaces, has announced plans to expand its manufacturing to North America, which would mark Cosentino’s first manufacturing facility beyond its Industrial Park in Almería, Spain and natural stone factory in Vitoria, Brazil.
Q1 GDP Revised Up to 1.3% in Second Estimate
Washington, DC, May 25, 2023—Real gross domestic product (GDP) increased at an annual rate of 1.3% in Q1 2023, according to the second estimate released by the Bureau of Economic Analysis.
HMTX's Stone Awarded Eugene M. Lang Lifetime Achievement Award
Norwalk, CT, May 25, 2023—On May 22, HMTX Industries CEO Harlan Stone was awarded the Eugene M. Lang Lifetime Achievement Award from the I Have a Dream Foundation at Guastavino’s in New York City.
Metroflor Publishes Three New EPDs
Norwalk, CT, May 25, 2023—Metroflor Corporation announced that it has made available three new product-specific Environmental Product Declarations (EPDs) for five of its commercial product lines: Metroflor LVT Déjà New Dryback, Metroflor LVT Over the Top Loose Lay, Déjà New with Attraxion Magnetic Technology, Metroforms with Magnetic Attraxion Technology, and Genesis 20 mil WPC collections.