Alan Rowell Named VP Aspecta North America
Norwalk, CT, July 17, 2020—Alan Rowell, currently director of sales for Aspecta commercial flooring, has been promoted to VP Aspecta North America.
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.
Retail Sales Rose 7.5% in June
Washington, DC, July 16, 2020—Advance estimates of U.S. retail and food services sales for June 2020 were $524.3 billion, an increase of 7.5% from the previous month, and 1.1% above June 2019, according to the U.S. Census Bureau.
Builder Confidence Rises to Pre-COVID Level of 72 in July
Washington, DC, July 16, 2020-In a strong signal that the housing market is ready to lead a post-COVID economic recovery, builder confidence in the market for newly-built single-family homes jumped 14 points to 72 in July, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Mortgage Interest Rates Fall Below 3%
New York, NY, July 16, 2020—"In a year of financial firsts, this one stands out: Mortgage rates have fallen below the 3% mark,” reports the Wall Street Journal.
Remodeling Expected to Slow by Mid-2021 Due to COVID
Cambridge, MA, July 16, 2020—Expenditures for improvements and repairs to owner-occupied homes are expected to slow by the middle of next year as the COVID-19 pandemic continues to unfold, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
Interface Announces Amendment to Credit Agreement
Atlanta, GA, July 16, 2020—Interface announced an amendment to its syndicated credit facility providing for, among other things, enhanced financial covenant flexibility through the fiscal quarter ending April 3, 2022.
Don Whifield of Shaw Dies
Chattanooga, TN, July 16, 2020--Durward “Don” Garland Whitfield, 84, of Shaw Industries died July 1.
Vincent Pompo of Southwestern Tile & Marble Company & CTDA Dies
San Diego, CA, July 16, 2020—Vincent N. Pompo, 93, of Southwestern Tile & Marble Company and the Ceramic Tile Distributor Association, died July 14.
Distributive Trade Sales & Manu. Shipments Rose 8.4% in May
Washington, DC, July 16, 2020—The combined value of distributive trade sales and manufacturers’ shipments for May was estimated at $1,284.3 billion, up 8.4% from April 2020, but was down 11.8% from May 2019, according to the U.S. Census Bureau.
Domotex Germany Releases Detail of & Safety Procedures for 2021 Show
Hannover, DE, July 16, 2020-Domotex released detail about the 2021 event, which will take place January 15 to 18 in Hannover, Germany.