Durable Goods Orders Rose 0.6% in October
Washington, DC, November 27, 2019—New orders for manufactured durable goods in October increased $1.5 billion or 0.6% to $248.7 billion, the U.S. Census Bureau announced.
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.
Personal Income Virtually Flat in October
Washington, DC, November 27, 2019—Personal income increased $3.3 billion (less than 0.1%) in October, according to estimates released by the Bureau of Economic Analysis.
Mannington to Enter Residential Carpet Biz w/ Acquisition of Phenix-Pharr
Salem, NJ, November 26, 2019-Mannington Mills has signed an agreement to acquire Phenix Flooring and Pharr Fibers and Yarns from Pharr USA.
October's New Home Sales Inched Up from Sept., but Rose 31.6% YOY
Washington, DC, November 26, 2019—Sales of new single-family houses in October 2019 were at a seasonally adjusted annual rate of 733,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, a 0.7% below the revised September rate of 738,000, but is 31.6% above the October 2018 estimate of 557,000.
Home Prices Rose 3.2% YOY in September, Says Case-Shiller
New York, NY, November 26, 2019—Home prices made a 3.2% annual gain in September, up from 3.1% in the previous month, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions.
Emser Opens New Branch in Philadelphia
Los Angeles, CA, November 26, 2019—Emser Tile has opened its 76th branch in North America.
Iobac & Scanalytics Form Strategic Alliance
Gloucestershire, UK, November 25, 2019-- Scanalytics and Iobac are pleased to announce the formation of a strategic alliance intended to accelerate the synergy between their complementary technologies for the sensored flooring market.
Beasley to Purchase Mohawk's Arkansas Manufacturing Operations
Hazlehurst, GA, November 25, 2019-Beasley Flooring Products and Mohawk Industries have entered into a letter of intent pursuant to which Beasley Flooring will purchase the Melbourne, Arkansas flooring manufacturing operations of Mohawk Industries subject to customary terms and conditions.
Domotex Asia/Chinafloor Launching Southeast Asian Business Hub
Shanghai, China, November 25, 2019—The 22nd edition of Domotex Asia/Chinafloor launches the first Southeast Asian Business Hub, an area showcasing resilient and wood flooring exhibitors with production facilities in the Southeast Asian region.
Consumer Sentiment Rises 1.4% in November
Ann Arbor, MI, November 22, 2019—Consumer sentiment rose 1.4% to 96.8 in November, from October’s 95.5 rate, according to final results from the University of Michigan’s Survey of Consumers.