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.
New York, NY, June 17, 2020—Decreased spending in the lockdown means that some Americans now have extra cash, and they are spending it on home furnishings, among other things, reports the Wall Street Journal in an article titled, “Boats, Pools and Home Furnishings: How the Lockdown Transformed Our Spending Habits.”
Madison, WI, June 17, 2020—Effective immediately, Jaeckle Distributors and Premier Tile Corporation will now be distributing the Tarkett Commercial product line in Missouri, Kansas, and Southern Illinois.
Washington, DC, June 17, 2020-Mortgage applications increased 8.0% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June 12, 2020.
New York, NY, June 17, 2020—There is a growing consensus that Covid-19 is not transmitted via surfaces, such as flooring, reports the Wall Street Journal in an article titled, “How Exactly Do You Catch Covid-19? There Is a Growing Consensus.”
Washington, DC, June 17, 2020-The National Council of Textile Organizations (NCTO), representing the full spectrum of U.S. textiles from fiber through finished sewn products, held its officer elections for fiscal year 2020.
Washington, DC, June 16, 2020—In a sign that housing stands poised to lead a post-pandemic economic recovery, builder confidence in the market for newly-built single-family homes jumped 21 points to 58 in June, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Washington, DC, June 16, 2020-Advance estimates of U.S. retail and food services sales for May 2020 were $485.5 billion, an increase of 17.7% but 6.1% below May 2019, according to the U.S. Census Bureau.
New York, NY, June 16, 2020-Renewed shopping drove a record 17.7% increase in retail sales in May, though total spending remained below levels before coronavirus, reports the Wall Street Journal.
Washington, DC, June 16, 2020—Total industrial production increased 1.4% in May, as many factories resumed at least partial operations following suspensions related to COVID-19, according to the Federal Reserve.
Miami, FL, June 16, 2020—Lennar Corporation reported a net earnings increase of 22.8% for Q2 2020.