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.
Washington, DC, March 28, 2019-Real gross domestic product (GDP) increased at an annual rate of 2.2% in the fourth quarter of 2018, according to the third estimate released by the Bureau of Economic Analysis.
Salem, NJ, March 28, 2019-Mannington continues to be challenged by inflation in raw materials, energy, and transportation and with that must implement a price increase on select sheet vinyl products.
Washington, DC, March 28, 2019-The Pending Home Sales Index decreased 1.0% to 101.9 in February, down from 102.9 in January, according to the National Association of Realtors (NAR). Year-over-year contract signings declined 4.9%, making this the fourteenth straight month of annual decreases.
Miami, FL, March 28, 2019-Lennar’s revenues rose 30% YOY in Q1, and net earnings rose 76%.
Eden, NC, March 27, 2019—Mohawk is eliminating 32 positions at its manufacturing plant in Eden, North Carolina, offering workers retirement incentives as it eliminates a department and reduces other production, according to Rockingham Now.
St. Louis, MO, March 27, 2019-Analyst Stifel has offered this preliminary call on the growth in floorcovering market segments for Q1 2019, though earnings results remain a few weeks away.
Washington, DC, March 27, 2019—The goods and services deficit was $51.1 billion in January, down $8.8 billion from $59.9 billion in December, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.
Mississauga, ON, March 27, 2019—David MacDonald, 79, of Shnier passed away on March 23.
New York, NY, March 26, 2019-Home prices posted a 4.3% annual gain in January, down from 4.6% in the previous month, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions.
Washington, DC, March 26, 2019-Privately-owned housing starts in February were at a seasonally adjusted annual rate of 1,162,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced, 8.7% below the revised January estimate of 1,273,000 and 9.9% below the February 2018 rate of 1,290,000.