Personal Income Down in January, Back Up in February
Washington D.C., March 29, 2019—Personal income decreased $22.9 billion (-0.1 percent) in January according to estimates released today by the Bureau of Economic Analysis.
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.
Q4 GDP Revised Down to 2.2% in Third Estimate
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.
Mannington Announces Price Increase on Sheet Vinyl
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.
Pending Home Sales Ticked Down 1.0% in Feb. But Remain High
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.
Lennar Posts Revenue and Earnings Increases for Q1
Miami, FL, March 28, 2019-Lennar’s revenues rose 30% YOY in Q1, and net earnings rose 76%.
Mohawk Eliminating 32 Positions at Eden, NC Plant
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.
Stifel Offers Preliminary Call on Floorcovering Segments for Q1
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.
Trade Deficit Fell by $8.8 Billion in January
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.
VP of Shnier, David MacDonald, Dies
Mississauga, ON, March 27, 2019—David MacDonald, 79, of Shnier passed away on March 23.
Home Prices Rose 4.3% in January
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.