Sales Rose 7.1% for Home Depot in Q1, Earnings Decreased
Atlanta, GA, May 19, 2020—The Home Depot has reported sales of $28.3 billion for Q1 2020, a 7.1% increase from Q1 2019.
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.
Diverzify Acquires ProFloors & Forms Strategic Partnership w/ Another Firm
Chicago, IL, May 19, 2019-Diverzify announces the acquisition of ProFloors of Florida and a strategic partnership with Lane’s Floor Coverings and Interiors in New York, bringing the total number of business service locations within the Diverzify enterprise to 21 and adding additional floor installation and maintenance services and capabilities to its portfolio.
Housing Starts Slid 20.8% in April
Washington, DC, May 19, 2020—Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,074,000, according to the U.S. Census Bureau, 20.8% below the revised March rate of 1,356,000 and is 19.2% below the April 2019 rate of 1,330,000.
CARES Act Includes Funds for Renovating Business Properties
Calhoun, GA, May 19, 2020-The Coronavirus Aid, Relief, and Economic Security Act, also referred to as the “CARES Act,” contains several tax breaks designed to help businesses and workers get back on their feet as quickly as possible. Included within this legislation is a new tax benefit for renovating or improving business properties.
Schönox Helps Achieve 3-Day Turnaround on COVID Hospital Project
Memphis, TN, May 19, 2020—In just a three-day project window, a variety of Schönox subfloor product solutions were used to convert 140,000 square feet of a former newspaper office and production space to a permanent overflow hospital.
Ecore Offering Free CEU on Flooring Performance
Lancaster, PA, May 19, 2020—Ecore is hosting a free performance surfaces CEU seminar titled “Defining Performance in Flooring: How Engineered Surfaces Are Changing and What Designers Should Demand From the Floor.”
I4F Forms Partnership with CFL Flooring
Hamont, Belgium, May 19, 2020-I4F announced that CFL Flooring has signed a license agreement to use I4F’s portfolio of grout technologies.
Armstrong Wins Two Adex Platinum Awards
Lancaster, PA, May 19, 2020-Armstrong Flooring won two Platinum Awards for Design Excellence (ADEX).
Builder Confidence Rose by Seven Points to 37 in May
Washington, DC, May 18, 2020—In a signal that the housing market is showing signs of stabilizing and gradually moving forward in the wake of the COVID-19 pandemic, builder confidence in the market for newly-built single-family homes increased seven points to 37 in May, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Consumer Sentiment Inched Up in Early May
Ann Arbor, MI, May 18, 2020—Consumer sentiment rose 2.6% to 73.7 in early May from April’s 71.8 rate, according to preliminary results from the University of Michigan Survey of Consumers.