Lowe's Q2 Sales & Earnings Flat YOY
Mooresville, NC, August 17, 2022-Lowe's reported net sales of $27.5 million for Q2 2022, a .3% decline compared to sales of $27.6 million in Q2 2021.
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.
Mortgage Applications Declined 2.3% in Week Ending August 12
Washington, DC, August 17, 2022—Mortgage applications decreased 2.3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 12, 2022.
AHF Forms Relationship with Belknap-Haines
Mountville, PA, August 17, 2022—AHF Products announced that flooring distributor Belknap-Haines will be the distributor of Armstrong brand flooring resilient products in Ohio, Indiana, and Kentucky, effective immediately.
Shaw to Sponsor Bright Spark 2022 Invention Challenge
Dalton, GA, August 17, 2022—Shaw is a contributing sponsor for Bridge Innovate’s Bright Spark 2022 Invention Challenge.
Powernail Supporting FCEF Basic Flooring Installation Program
Dalton, GA, August 17, 2022—The Floor Covering Education Foundation (FCEF) has formed a partnership with Powernail that will provide technical schools with the tools needed to launch a Basic Flooring Installation program.
Crossville Recognized by KBB Magazine
Crossville, TN, August 17, 2022—Crossville Inc. was recently recognized with a Readers’ Choice Award by KBB Magazine in the Kitchen Flooring segment.
Distributor Sales & Manufacturer Shipments Rose 1.3% in June
Washington, DC, August 17, 2022—The combined value of distributive trade sales and manufacturers’ shipments for June was estimated at $1,858.1 billion, up 1.3% from May 2022 and was up 14.5% from June 2021, according to the U.S. Census Bureau.
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.