Today's Flooring News

Single-Family Housing Starts, Permits Slide 10.1% and 4.3%, Respectively

Washington, D.C., August 16, 2022 - Housing starts are slowing, but permits have not been as affected, according to the latest Census Bureau data.

Home Depot's Q2 Sales up 6.5%, Earnings up 8%

Atlanta, GA, August 16, 2022 - The Home Depot reported sales of $43.8 billion for the second quarter of fiscal 2022, an increase of $2.7 billion or 6.5% year-over-year. Comparable sales for the second quarter of fiscal 2022 increased 5.8%, and comparable sales in the U.S. increased 5.4%.

Industrial Production Rises, Led by Automobile-Related Gains

Washington, D.C., August 16, 2022 - Total industrial production increased 0.6% in July, up 3.9% year-over-year, according to the Federal Reserve. The numbers got a big boost from automobile-related gains.

NAHB Rebukes Inflation Reduction Act

Washington, D.C., August 16, 2022 - The National Association of Homebuilders (NAHB) has released a statement opposing the passage of the Inflation Reduction Act of 2022, stating that “it fails to ease inflationary pressures on housing and contains troublesome new building and energy code requirements that could raise the cost of housing for homeowners and renters.”

Floor & Décor Sees Success with In-House Design Services

Atlanta, GA, August 16, 2022 - While far from its goal of $17 billion in sales and 500 retail stores across the country, Floor & Décor (F&D) is seeing massive sales growth. Part of that is the opening of new stores -- the Atlanta, Georgia-based chain will add 32 new stores this year after opening 27 last year -- but part is what some might call the secret sauce.

Former Indianapolis Retailer Mel Tishler Dies at 93

Indianapolis, IN, August 16, 2022 - Melvyn (Mel) Tishler passed away August 13 in Indianapolis, Indiana. The 93-year-old had a long career in the flooring business, ultimately opening Indiana’s first floorcovering chain before retiring.

Dixie Group Q2 Sales Down 7%, Loss of $4.5 Million

Dalton, CA, August 15, 2022—For Q2 2022, The Dixie Group reported net sales of $83.7 million, a 7% decline compared to $90 million in Q2 2021.

Builder Confidence Declined Six Points in August to 49

Washington, DC, August 15, 2022— In another sign that a declining housing market has failed to bottom out, builder confidence in the market for newly built single-family homes fell six points in August to 49, marking the first time since May 2020 that the index fell below the key break-even measure of 50, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

FEI Group to Host Conference in Florida This October

Marietta, GA, August 15, 2022—In less than three months, FEI Group will host its 24th National Conference in Marco Island, Florida. This year’s event takes place October 26 to 28 at the newly renovated JW Marriott Marco Island Beach Resort.

Shaw Contract to Host Ageless Living Collaborative

Cartersville, GA, August 15, 2022—Shaw Contract will host, Ageless Living Collaborative (ALC), a 501c3 organization founded by senior living design industry leaders to share information, educate, discuss, and delve into current challenges, finding solutions for the senior living community.