U.S. Economy Should Continue to Outgrow China's in Upcoming Quarters
New York, NY, August 20, 2021-The U.S. and China are trading places in the economic growth race, reports the Wall Street Journal.
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.
Multifamily Builder Confidence Slid in Q2
Washington, DC, August 19, 2021—Confidence in the market for new multifamily housing dropped three points to 48 in Q2, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The Multifamily Occupancy Index (MOI) increased six points to 70.
CFI Convention Underway in Orlando
Orlando, FL, August 19, 2021—Certified Flooring Installers (CFI) is holding its 24th annual convention at the Rosen Shingle Creek Resort in Orlando, Florida.
Bill Kilbride Named Chairman of Tennessee Valley Authority Board
Chattanooga, TN, August 19, 2021—Two years after joining the Tennessee Valley Authority (TVA) board of directors, William (Bill) Kilbride was elected chairman of the TVA board, reports the Times Free Press.
Interface Leaders to Present at Raymond James 2021 Conference
Atlanta, GA, August 19, 2021—Interface, Inc. has announced that Dan Hendrix, chief executive officer, and Bruce Hausmann, chief financial officer, will present virtually at the Raymond James 2021 Diversified Industrials Conference on August 24 at 9:20 a.m. ET.
Initial Jobless Claims Fell by 29,000 in Second Week of August
Washington, DC, August 19, 2021-In the week ending August 14, the advance figure for seasonally adjusted initial claims was 348,000, a decrease of 29,000 from the previous week's revised level, reports the Department of Labor.
Registration Opens for '22 Flooring Markets in Dallas, Atlanta & Biloxi
Marietta, GA, August 19, 202-Online registration is now open for the 2022 Flooring Markets: Dallas, Texas; Atlanta, Georgia; and Biloxi, Mississippi.
Home Depot Sales Rose 8.1% in Q2, Earnings Rose 11%
Atlanta, GA, August 18, 2021-The Home Depot reported sales of $41.1 billion for Q2 2021, an increase of $3.1 billion, or 8.1% from Q2 2020. Comparable sales for Q2 increased 4.5%, and comparable sales in the U.S. increased 3.4%.
Lowe's Sales Rose 1% in Q2, Earnings Up 6.6%
Mooresville, NC, August 18, 2021—Lowe's reported Q2 net sales of $27.6 billion, a 1% increase compared to $27.3 billion in Q2 2020.
Architecture Billings Marked 6th Consecutive Month of Growth in July
Washington, DC, August 18, 2021-The Architecture Billings Index (ABI) score for July was 54.6, a sixth consecutive positive month, according to The American Institute of Architects (AIA).