Consumer Sentiment Fell 6.3% in Early July
Ann Arbor, MI, July 17, 2020—Consumer sentiment fell 6.3% to 73.2 in early July, according to preliminary results from the University of Michigan Survey of Consumers.
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.
Shaw & Emser Named to 50 Best Companies to Sell For List for 2020
Chattanooga, TN July 17, 2020—Shaw Industries and Emser Tile have been named to Selling Power magazine’s 50 Best Companies to Sell For list for 2020.
Schluter Expands Virtual Education Offering
Plattsburgh, NY, July 17, 2020--In response to the ongoing demand for distance learning, Schluter Systems has expanded the series of live, online training programs they launched in the spring.
Wayne Topel, Regional VP for Shaw, Dies
Chicago, IL, July 17, 2020—Wayne Topel, 61, regional vice president for Shaw, died July 14.
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.
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.